$30 Billion Worth Of Hotels To Be Built In MENA By 2023

by Mahak Mannan | 21 Jan 2019

Second annual AHIC Hotel Investment Forecast identifies UAE, Egypt, and Saudi Arabia as the markets to watch in 2019 The Arabian Hotel Investment Conference (AHIC) 2019 has released the second annual AHIC Hotel Investment Forecast, which reveals that close to $30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between

Marriott International launches Tahseen in Egypt

by Mahak Mannan | 12 Jul 2018

Marriott International has reinforced its commitment to Egypt with the launch of Tahseen, a unique hospitality training program developed in response to a growing need for talent within the industry. Created in partnership with Helwan University and Professional Development Foundation (PDF), the program is focused on fast tracking the next generation of hospitality leaders from

Hilton on the rise in Egypt

by Patrick Ryan | 09 May 2018

Mohab Ghali, Hilton vice president operations Egypt and North Africa, talks to Hotel News Middle East about why we should be watching the market in Egypt… Please give us a brief overview of the market in Egypt in your words? We have a very positive view on the Egyptian market. 2017 was a great year for

IHG announces new hotels in Egypt at ATM

by Patrick Ryan | 22 Apr 2018

Intercontinental Hotels Group (IHG) has announced the signing of two new hotels in Giza, Egypt. The announcement about the signing of the Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, were made at the Arabian Travel Market (ATM) which is taking place at Dubai World Trade Centre from 22-25 April. Pascal Gauvin,

Rotana Announces New Five-Star Property in Egypt

by Mahak Mannan | 22 Apr 2018

Strengthening its global presence, Rotana announced the signing of a new management agreement in Cairo at Arabian Travel Market (ATM) 2018. The agreement for a new 200-room five-star property will bring the company’s total inventory in the country to 726 keys. The company currently operates 16,161 keys across its 60 hotels in 23 cities and

Egypt enjoys 70.1% increase in Average Daily Rate

by Patrick Ryan | 10 Oct 2017

Egypt has posted a 70.1% increase in average daily rate, according to figures released by industry analysts STR. Egyptian hotels posted a 70.1% increase in average daily rate (ADR) to EGP1,185.53, as of August. While the country’s ADR has remained above EGP1,000 each month since November 2016, the devaluation of the Egyptian pound has significantly

Occupancy rates drop in Middle East but ADR is on the rise

by Patrick Ryan | 26 Sep 2017

The occupancy rates in hotels across the Middle East has fallen by 3.9% to 62.1% in a year-on-year comparison for August. The average daily rate, however, has increased by 7.4% to $151.04. RevPar has also increased by 3.2% to $93.84. The figures were revealed in the latest report by STR – the report also focused

Emaar announces Address Marassi Beach Resort in Egypt

by Patrick Ryan | 10 Aug 2017

Emaar Hospitality Group has announced the launch of the 140-room Address Marassi Beach Resort in Egypt. The project is the group’s second property in Egypt and is one of 14 upcoming properties in its Address Hotels + Resorts portfolio. Olivier Harnisch, chief executive officer of Emaar Hospitality Group, said: “Address Marassi Beach Resort is one of

Major appointment by Hilton in Egypt

by Patrick Ryan | 27 Jul 2017

Hilton has named Mohab Ghali as vice president operations for Egypt and North Africa. An Egyptian-Italian national and lifelong hotelier with more than 25 years’ experience, Ghali has a proven track record of managing all aspects of hotel operations, opening seven Hilton properties in 11 years across four different brands. “With a Hilton hotel or

Slow movement for Middle Eastern market

by Patrick Ryan | 25 Jul 2017

The hotel industry in the Middle East reported little movement during the second quarter of 2017, according to data from STR. Middle East Occupancy: -0.1% to 62.4% Average daily rate (ADR): +0.8% to US$169.67 Revenue per available room (RevPAR): +0.6% to US$105.84 Egypt Occupancy: +13.9% to 46.8% ADR: +67.2% to EGP1,217.52 RevPAR: +90.5% to EGP569.5

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