Hotels & Resorts News
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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.
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Egypt's hotel occupancy grows 25% in Q1 2023
Sharm El-Sheikh’s hotels occupancy hit 55%, 65% in Hurghada, Marsa Alam 70%, 80% in Luxor and Aswan, and 85% in Cairo.
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Project of the Week: Hilton Cairo Nile Maadi
Our latest lavish Project of the Week is a striking twin tower development in Cairo, Egypt which will showcase a luxury Hilton Worldwide hotel.
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30K hotel rooms to be introduced in Egypt's South Sinai by 2028
South Sinai would be able to receive 10 million tourists per annum, given that the number of existing hotel rooms is 62,000.
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Egypt's real estate & hospitality industries to recover: JLL report
Egypt’s real estate and hospitality industries are poised for recovery and growth, according to a report from global real estate consultancy JLL.
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IHG to expand Egypt portfolio with three new hotels
IHG has signed an agreement with Arabella Group to open three hotels across its InterContinental, voco and Crowne Plaza brands in Egypt.
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Sonesta Nouba Hotel Aswan
Sonesta Expands its Footprint in Egypt with the Introduction of Sonesta Nouba Hotel Aswan.