The new 593-room Hilton Cairo Heliopolis began welcoming guests yesterday as part of Hilton Worldwide’s plan to expand in Egypt with 1,000 hotel rooms in 2018, Al Shorouk reports. The company has also confirmed plans to re-open the currently-standing 247-room Towers Luxury Hotel as Africa’s first Waldorf Astoria later this year. Hilton has signed two management agreements with Gulf-Egypt for Hotels & Tourism to operate both hotels under two different brands. Hilton Worldwide said its revenue per available room (RevPAR) in the Middle East and Africa has grown thanks to “continued strength in Egypt,” according to Reuters.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…