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Sunday, 17 December 2017

Hilton group to increase its room capacity with 40% in Egypt by the end of 2022: Reuters

Reuters , Wednesday 15 Nov 2017
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River Nile, Hilton Cairo Zamalek Residences
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Hilton vice president operations for Egypt and MENA Mohab Ghaly said in an interview with Reuters on Wednesday that the group is planning to add 2500 its room capacity in the country, which currently stands at 6300 by the end of 2022, with a 40 percent increase.

Ghaly said also said the  group is planning to increase the number of its operated hotels in the country from 17 to 24 hotels by the end 2022. 

"Two out of the seven new hotels will be located in Ain Sokhna on the western shore of the Red Sea's Gulf of Suez" he added.

He also affirmed that occupation rates in the group's hotels witnessed an increase ranging between 20 to 25 percent in 2017 in comparison to last year.

Egypt is undergoing efforts to revive the tourism sector, which is the cornerstone of the for millions of Egyptians and a major source of foreign currency. 

The country has struggled to attract tourists pushed away by the political turmoil that followed the 2011 uprising. 

Tourism sector revenues dropped to $3.4 billion in 2016, a 44.3 percent decline from the previous year, the Central Bank of Egypt said in January. The figure is a far cry from the $11 billion in revenues generated by the sector in 2010, when 14.7 million tourists visited the country. 

The numbers of tourists visiting dropped dramatically after a Russian passenger jet crashed in Sinai in October 2015, killing all 224 people on board, mostly holidaymakers. 

The country saw a 51 percent rise in the number of tourists during the first quarter of 2017 compared to the same period last year, suggesting a revival in the industry's fortunes. 

 

 

 

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