TOURISM

12 Dec 2019

30 tourism developers to build 10k hotel rooms in New Alamein

New Alamein city is set to be an international tourism city that is planned to include approximately 10,000 hotel rooms, said Deputy Minister of Housing for National Projects, Khaled Abbas.

Abbas told Daily News"...

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10 Dec 2019

Incheon City Takes off as Culture and Tourism Industry Hub in Northeast Asia with IFEZ’s Yeongjong Resort Complex Cluster

With rich tourism infrastructure and resources, including the world’s top-level Incheon International Airport, Ganghwa Island, open port area, and multiple islands, the Incheon Metropolitan City government plans to take off as a hub of culture and tourism industry in Northeast Asia through the Yeongjong-do Integrated Resort Cluster Project. Yeongjong International Town, where the Incheon International Airport is located, continues to expand cultural and tourism facilities, such as luxurious 5-star hotels, foreigners-only casinos,......

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09 Dec 2019

Hilton, Dar Misr to welcome new DoubleTree by Hilton Hotel to Egypt

ArabFinance: Dar Misr Development and Hilton (NYSE: HLT) announced plans to introduce a DoubleTree by Hilton hotel in Sokhna. The hotel will be located inside The Groove Sokhna Resort, with Dar Misr investing EGP 400 million in the hotel’s construction phase.

Projected"...

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08 Dec 2019

Climate change could affect 94% of Egypt’s coral reef tourism value

Coral reefs tourism is a significant component of Egypt’s beach tourism, as the country which has two large coasts in the Mediterranean and Red seas gains about $7 bn per year from this sector of coastal tourism. However, due to climate change, all of this could change in just a few"...

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07 Dec 2019

Samih Sawiris takes over Thomas Cook franchise in Germany

Egyptian billionaire Samih Sawiris, through his Raiffeisen Touristik Group, has acquired the Thomas Cook franchise in Germany.

According to the acquisition, hundreds of travel agencies have moved to Sawiris to"...

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06 Dec 2019

LuLu’s Twenty14 Holdings Completes GBP 300 Million (Rs. 2800 Crores) Investment in the UK

Twenty14 Holdings, the hospitality investment arm of LuLu Group International has completed investments of £ 300 million in UK, with the inauguration of the Great Scotland Yard in London today. The hotel will be open for business from December 9, 2019. The historic property was acquired"...

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03 Dec 2019

Metlico wins Sheraton Cairo Hotel’s workers’ comp insurance policy

Cairo: Egypt’s Misr Emirates Takaful Life Insurance (Metlico) has won a workers’ compensation insurance coverage policy at Sheraton Cairo Hotel, its managing director said on Sunday.

The one-year term"...

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02 Dec 2019

Remco Tourism's profits reach EGP 7.2M ending Sept. 2019

ArabFinance: Remco Tourism Villages Construction Company announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending Sept. 30, 2019.

The company"...

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25 Nov 2019

EHA to add 8,000 hotel rooms across Egypt early 2020 with $800m investments

Egypt’s tourism industry is currently witnessing a lot of achievements and challenges. Its most notable achievement is its revenue hike by 28.2% during last the Fiscal Year (FY), recording $12.6bn, compared to only $9.8bn in FY 2017-2018, according to the Central Bank of Egypt’s"...

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21 Nov 2019

EHA targets better hotel services, increasing national income of tourism

The ordinary general assembly of the Egyptian Hotel Association (EHA), chaired by Maged Fawzy, announced on Sunday that they will work on developing the skills of hospitality employees by organising training sessions covering various areas to improve the level of service in Egypt’s"...

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