Hospitality company Accor signed a renovation and management contract for the Promenade beach resort in Sharm El Sheikh, according to the local press. The resort will be rebranded as Pullman Hotel and Resorts, a subsidiary of Accor, in 2021. The renovations will be completed by January 2023. Accor Hotels has been planning to open more than 30 hotelsin Egypt over the next two years as the country’s tourism industry recovers.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
New tax breaks aim to revive EGX listing appetite
Newly listed companies will receive a 30% reduction on payable…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…