Egypt's Chamber of Hotels received requests from floating hotels owners to find purchasers for their hotels, according to a member of direction board in Chamber of Hotels, Nagy Eryan. Eryan said floating hotels owners announced they are broke as a result of the loose security in Egypt after the January 25 Revolution. Tourism rates decreased during the past six months. About 80 floating hotel owners want to sell their hotels. “Only ten floating hotels are working now. Occupancy rate reduced by ten percent although prices of room booking are low, which reached U.S. $18 per night, said Eryan. Eryan also said hotels owners started to fire employees to reduce loss which exceeded one billion EGP (U.S. $168 million) since January 25 Revolution. The Chamber of Hotels presented a memo for Egypt's Minister of Tourism, Mounir Fakhry Abdel Nour, to present the problems of the tourism sector, said Eryan. Eryan also said the chamber is now studying delaying tourism activation fees for six months. The chamber is also studying reducing hotel participation fees to 75 percent for one star hotels, 50 percent for two star hotels and 40 percent for three star hotels.