Sixth of October Development and Investment Company (SODIC) is planning to expand in the hotels sector over the coming period by launching 550 rooms in five new hotels.

The Egyptian government is set to announce plans for the construction of 1,000 hotel rooms in the archaeological area of Farma and two adjacent locations in Port Said Governorate, with estimated investments exceeding EGP 1 billion, unnamed government sources told Al Arabiya Business.

The Egyptian government has discussed the available investment opportunities to build around 250,000 hotel rooms to accommodate 30 million tourists annually, Prime Minister Mostafa Madbouly presented in a meeting held in New Alamein city on August 11th.

Jaz Hotel Group is working to increase the number of its hotel rooms by about 2,500 rooms this year in the Red Sea, Cairo, and the North Coast branches, CEO Alaa Aqel told Asharq Business.

Egypt’s tourist arrivals grew by 5% year on year (YoY) during the first 40 days of 2024, according to a statement by the Minister of Tourism and Antiquities Ahmed Essa.

Travco Group is planning to increase its hotel capacity by 18% within the coming two years to reach a total of 20,000 rooms.