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More help for the tourism industry
Subsidized loans designed to help tourism companies fund capex can now cover up to 90% of a project’s renovation costs,…
Hotel occupancy outlook in Cairo + Sharm on the up
Colliers International has revised upwards its 2021 outlook for hotel occupancy in Cairo and Sharm El Sheikh in its latest…
Egypt targets USD 6-7 bn in 2021 tourism revenues
Egypt expects to see tourism revenues of USD 6-7 bn in 2021, with tourist arrivals recovering to 60% of 2019…
Return of the Russians?
Direct flights from Russia to Egypt’s seaside tourist resorts could make a comeback in less than a month, after a…
Bank of America is pencilling in a recovery in tourism to Egypt for 2022
Revenues in Egypt’s tourism sector will hit USD 7 bn next year after having plunged in 2020, Bank of America…
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