Hotels & Resorts News
-
Egypt to launch subsidized loans initiative for hotel rooms expansion
This move aims to encourage investing in the Egyptian tourism sector, the sources added.
-
Thousands of hotel rooms launched in Egypt in Q1 of 2024
In 2023, the figure of international tourists to Egypt jumped by 27.4 percent hitting 14.9 million, which is the highest in the country's history.
-
Rixos Premium Alamein opens in Egypt
The luxurious property features six towers housing 469 residences and 732 rooms and suites.
-
Waldorf Astoria Cairo Heliopolis adds luxury to Egypt's ancient history
The five-star hotel group launched its first African property in Heliopolis last summer, with the property officially opening its doors in February.
-
Rixos Group plans to turn historic Montaza Palace in Alexandria into luxurious hotel
The Montaza Palace was built in 1892 by Khedive Abbas II, which he used for hunting purposes.
-
Egypt has largest hotel pipeline in Africa with 109 hotels in development
New report said there was 9% YoY growth in hotel pipelines in both North and sub-Saharan Africa.
-
Tahrir Complex will be one of the most luxurious hotels in Egypt
The historical character of the building, especially its facades, will be preserved as it's registered in National Organization for Urban Harmony.
-
German Steigenberger Hotels AG signs contract to manage hotels at South Sinai’s Great Transfiguration site
The German company will be in charge of the management of hotels and tourist resorts located on the lands owned by Misr Sinai Tourism Company.
-
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
The announcement of the historic investment initiative constitutes a great incentive for a large number of businessmen to invest in Egypt.
-
Hurghada among best global tourist destinations for 2024: TripAdvisor
The city has witnessed significant improvements recently, making it a prime destination for European tourists in particular.
-
Abu Dhabi wealth fund ADQ signs deal for stake in Egypt luxury hotels
Under the deal, a special purpose vehicle owned by ADQ and its unit ADNEC, with respective 49% and 51% holdings.
-
2,600 new hotel rooms in downtown Cairo
Mugamma Al-Tahrir building is set for a transformation into a luxury hotel through a $200 million investment by a US consortium.
-
Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
The Egypt-focussed Abu Dhabi Tourism Investment Company (ADTIC) that is 84% owned by the government of Abu Dhabi’s Abu Dhabi Fund for Development.
-
Travco subsidiary Jaz Hotel Group acquires 2 hotels near the Pyramids
ravco subsidiary Jaz Hotel Group has acquired two hotels near the Pyramids and six cruise ships for a total of EGP 3.5 bn.
-
Ritz-Carlton plans a second hotel in Egypt
Marriott International has entered an agreement with Palm Hills Developments for the launch of the Ritz-Carlton Cairo, Palm Hills.
-
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.
-
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.
-
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.
-
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.
-
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.