Hilton Worldwide aims to increase number of hotel rooms in Egypt by 2022

Published on : Friday, November 17, 2017

hilton-worldwideHilton Worldwide (HLT.N) aims to increase the number of hotel rooms in Egypt by 40 percent by the end of 2022. This was said by the company’s vice president for the North Africa region, Mohab Ghali.


The U.S. hotel group which runs thousands of hotels around the world and manages 17 hotels in Egypt, aims to add 2,500 rooms and take on seven more projects in the North African country by 2022.


Egypt’s tourism industry is one of the country’s main sources of foreign currency and employer of millions of Egyptians. But it has suffered since a 2011 uprising; however, it has picked up in recent months amid government efforts to restore stability and revive the industry.


Ghali said, “The average occupancy rate at hotels in Egypt has increased by 20-25 percent this year.”


Ghali added that the number of visitors to the North African country is expected to continue to increase in 2018. Egypt’s tourism revenue had jumped by more than 210 percent year on year to $5.3 billion in the first nine months of 2017.


“As long as there is economic and political stability, you’ll see the numbers of tourists improving,” Ghali said, adding that 40 percent of hotel reservations are currently made by local visitors. He added, “Why would we sign new contracts and expand here if we weren’t optimistic about Egypt?”


Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 03 ITB Asia 2018
  • 09 ttfotm 2018
  • 10 Astana leisure 2018
  • 11 lodgingconference 18
  • 11 ttgincontri 2018
  • 12 plannersxtraordinaire 2018
  • 13 aite 2018
  • 13 bitf 2018
  • 14 Global Wellness Summit 2018
  • 14 SATTE 2019
  • 14 traveltechme 2018
  • 15 TravelDaily TDC 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 sahicsouthamerica 2018
  • 30 PATA


Get our toolbar!
Review www.travelandtourworld.com on alexa.com