Orascom Development Egypt's Sinai hotel occupancy rates drop amid regional tensions: Samih Sawiris

Orascom Development Egypt’s hotels in the Sinai Peninsula have seen a sharp decline in occupancy rates from 70-80% to just 10-20% amid escalating regional tensions due to the Gaza conflict, Egyptian businessman Samih Sawiris said.

Updated 10/27/2024 4:58:00 AM

Egypt, Saudi Arabia in talks to develop yacht tourism

Egypt is probing yacht tourism development with Saudi Arabia.

Updated 9/18/2024 4:05:00 AM

Egypt's hotel occupancy grows 25% in Q1 2023

Hotel occupancy in Egypt increased by about 20%-25% during the first quarter (Q1) of 2023, compared to the same period last year, supported by the diversity of expatriate markets to the country and the depreciation of the Egyptian pound, Asharq Business reported on April 26th, citing unnamed tourism official.

Updated 4/26/2023 10:34:00 AM