Rixos plans to double number of hotels rooms in Egypt next year

**#6 INVESTMENT WATCH- Rixos plans to double number of hotels rooms in Egypt next year: Dubai-based hotel chain Rixos Hotels plans to expand its business in Egypt by doubling the number of existing hotel rooms over the next year to 4,000 rooms and surpassing 10,000 rooms within the next five years, Al Bawaba reports. Rixos currently manages three hotels, with 2,000 rooms, in Egypt. The move is yet another sign of how global hotel chains are pouncing on the Egypt’s tourism recovery. Tourism revenues increased 77% y-o-y in 1H2018.