Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt's FM heads to Doha for talks on Israel escalation    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Eid holidays raise occupancy rates in Red Sea and South Sinai hotels: Chairman of Egyptian Hotels Association
Abdel Razek Al Shuwekhi Published in Daily News Egypt on 08 - 10 - 2014

Egyptian guests flocked to hotels in the Red Sea and South Sinai during the Eid al-Adha holiday and contributed to a significant increase in occupancy rate, according to Wassim Mohie el-Din, Chairman of the Egyptian Hotels Association (EHA) said.
Mohie el-Din mentioned that occupancy rates in Alexandria were 100% due to the flow of Egyptians to Alexandria to spend the holidays there.
According to Mohie el-Din, the proximity of Alexandria and Ain Sokhna to Cairo leads to high increases in occupancy rates there during holidays.
Mohie el-Din went on to say that the the Red Sea and South Sinai witnessed a significant increase in occupancy rates over the past three days, ranging between 95-100%.
These two areas account for two-thirds of hotel activity in Egypt out of a total 225,000 rooms according to statistics issued by the Ministry of Tourism.
Tourism arrivals for the first half of 2014 have decreased by 25% in comparison to the same period last year.
Hotels in Western Cairo in close proximity to the Pyramids have seen occupancy rates exceed 70%, according to Mena House Hotel Front Desk Director Mohamed Talaat.
According to Talaat, Egyptians represent approximately 30% of occupants while guests from East Asia and Western Europe form the remainder.
Occupancies increase up to 90% in Marsa Alam according to Tourism Investors Association Chairman in the area Tarek Shalaby.
According to Shalaby, Egyptians represent 40% of guests in Marsa Alam. He explained that prices did not change during the Eid holiday in attempt to attract guests to the area.
Marsa Alam's total hotel capacity is approximately 15,000 rooms, according to statistics issued by the Chamber of Egyptian Hotels. Room rates range between EGP250-500 per night per person, according to Shalaby.
Mohie el-Din mentioned that hotel rates in Alexandria range between EGP750-1000 per person per nights during the Eid holiday. However, a Sharm El-Sheikh hotel manager said that room rates increased by 15% during the Eid due to high operating costs for foodstuffs and energy.

Clic here to read the story from its source.