Hotels & Resorts News
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Egypt unveils EGP 50bn initiative to drive tourism growth, hotel construction
Every 15,000 additional rooms is estimated to generate EGP 1-2bn in value-added tax and EGP 2bn in commercial and industrial profit tax.
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Hilton hatches hotel for Egypt’s New Administrative Capital
Taking shape in the new city’s Central Business District on the eastern outskirts of Cairo, Hilton Cairo New Capital Tower is to open in Q1 2026.
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Egypt keen to help Accor expand activities here
Prime Minister Mostafa Madbouly has voiced hope that Accor Group would expand its hotel activities in Egypt.
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Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
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Egypt's sovereign fund to complete historic hotels sale by year-end
The hotels, among Egypt's grandest, are the Cataract in Aswan, the Winter in Luxor, the Mena House in Cairo and the Cecil in Alexandria.
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ADTIC develops a hotel overlooking the Pyramids with investments exceeding $80m
ADTIC is renovating two hotels in Sharm El-Sheikh and Hurghada with investments totaling approximately $81m.
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Saudi Arabia, UAE and Egypt lead $1.9tn hospitality and residential push
Middle East hospitality and residential development boom led by Saudi Arabia, UAE and Egypt.
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TMG partners with Emirati ADNEC to partially acquire several Egyptian state-run hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).
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Tourism min: Over 25,000 hotel rooms to be ready by end of 2024
Tourism Minister Ahmed Eissa said more than 25,000 hotel rooms will be ready by the end of 2024, noting that over 4,311 new hotel rooms were finalized
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Egypt: Remco’s consolidated losses narrow 49% YoY in 2022
Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.
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Egypt’s hotel occupancy rate hits 80% in H1
The tourism industry contributes around 15% to the country’s gross domestic product (GDP) and is a key source of foreign currency.
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Prime Minister, tourism investors discuss increasing hotel rooms in Egypt
The government is confident that Egypt can achieve its goal of attracting 30 million tourists by 2025.
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Hilton Group to operate hotels in Maspero Towers, Cairo Citadel Aqueduct
Prime Minister Madbouli noted that the contracts are a milestone given that both areas were slums.
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UAE’s ADTIC to build $95mln mega-hotel in Egypt
The project comes in line with the Egyptian government’s plan in preparation for the opening of the Grand Egyptian Museum by the end of the year
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Hotel Occupancy Reaching 100% Across Egypt during Eid Al Adha
The government official said that the occupancy in Hurghada, Ain Sokhna, the North Coast and Alexandria are approaching complete occupancy.
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Qatar in talks with Egypt to purchase 30% stake in 7 state-owned hotels
Qatar Investment Authority (QIA) is reportedly in talks with Egypt to acquire up to 30 percent of seven state-owned hotels, according to Reuters.
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Egyptian billionaire Samih Sawiris to invest in mega tourism project in Saudi Arabia’s Red Sea
Egyptian billionaire Samih Sawiris announced plans to start investments in Saudi Arabia during the second half of this year.
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IHG signs region’s first voco resort in Egypt
Set to open in December 2026, the 300-key voco North Coast will include low-rise buildings, chalets and townhouses in a prime location.
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Emaar to open eight new hotels across MENA region
Emaar Hospitality Group has announced plans to open eight new hotels across the UAE, Saudi Arabia and Egypt as a part of its ongoing expansion.
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Emaar to open eight new hotels across the UAE, Saudi Arabia and Egypt
Properties include Address Jabal Omar Makkah in Saudi Arabia and Address Marassi Beach Resort in Egypt.