{"id":557425,"date":"2021-09-19T04:00:06","date_gmt":"2021-09-19T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/"},"modified":"2021-09-19T04:00:06","modified_gmt":"2021-09-19T04:00:06","slug":"sharm-el-sheikh-radisson-is-coming-for-you","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/","title":{"rendered":"Sharm El Sheikh: Radisson is coming for you"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Radisson Hotel Group is eyeing a re-entry into Sharm El Sheikh as part of a plan <\/strong><strong>to have 50 hotels in North Africa under its belt by 2025<\/strong>, North Africa Director of Development Alban Mabille de Poncheville told <a href=\"https:\/\/www.hoteliermiddleeast.com\/business\/hotel-pipeline\/radisson-on-track-for-50-hotels-in-north-africa-by-2025\">Hotelier Middle East<\/a>. Egypt and Morocco are the group\u2019s focus countries, but it is also looking at Algeria and Tunisia.<\/p>\n<p><strong>Cairo and the new administrative capital also top the list of potential locations<\/strong>: Cairo is under consideration as a location for both new hotels and serviced apartments, while the group is considering greenfield projects for the new administrative capital.<\/p>\n<p><strong>And Sahel is also under consideration:<\/strong> The group is also looking to acquire and convert preexisting establishments along the Mediterranean, and is mindful of \u201cthe growing importance of the North Coast in Egypt,\u201d de Poncheville said.<\/p>\n<p><strong>Radisson thinks tourism prospects for Egypt are on the up: <\/strong>\u201cThe market has started to show positive signs of recovery and the upcoming lifting of flight restrictions should further accelerate this trend,\u201d de Poncheville said. Deputy tourism minister Ghada Shalaby <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15f0df47-4379-4fd9-a53b-2b079effa7ad\">said in July<\/a> that Egypt was expecting a 45-60% y-o-y increase in incoming tourists in the \u201cnext period,\u201d without specifying what this timeframe may be, while the ministry revised its targeted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9dfb2aca-9170-4294-8bfe-e91864b1a1f6\">tourism revenues<\/a> upward to USD 9 bn by the end of 2021.<\/p>\n<p><strong>In 2019, Radisson was on the road to become one of the largest hoteliers operating in Egypt<\/strong> after <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/10\/radisson-to-acquire-six-new-hotels-in-egypt\/\">signing an agreement to acquire<\/a> six new hotels in Heliopolis, New Cairo, Golf City, Ain Sokhna, and Hurghada. The properties will open at varying times between 3Q2019 and 4Q2021, the company said at the time, but we haven\u2019t heard much since.<\/p>\n<p><strong>IN OTHER INVESTMENT NEWS-<\/strong><\/p>\n<p><strong>The Hyatt is officially back in Cairo: <\/strong>Hyatt Hotels Corporation opened the doors of its 250-room Hyatt Regency Cairo West hotel, in a bid to \u201cstrengthen its growing brand footprint in North Africa,\u201d <a href=\"https:\/\/newsroom.hyatt.com\/news-releases?item=124139\">according to a statement<\/a>. Plans to launch the hotel <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/08\/hyatt-returns-to-cairo-with-hyatt-regency-cairo-west-hotel\/\">were announced in 2019<\/a>, after Hyatt signed a franchise agreement for its establishment with Al Dau Development. The EBRD <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95e11ac7-eaf8-4158-98dc-25e075791a1f\">provided financing for the project<\/a> with a USD 12 mn loan to Al Dau in January. One of us got married at what was once called the Hyatt Nile Tower, or something to that effect, so we\u2019re particularly happy this morning to see the brand make a comeback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Radisson Hotel Group is eyeing a re-entry into Sharm El Sheikh as part of a plan to have 50 hotels in North Africa under its belt by 2025, North Africa Director of Development Alban Mabille de Poncheville told Hotelier Middle East. Egypt and Morocco are the group\u2019s focus countries, but it is also looking at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":557426,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[72,955,875,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-new-administrative-capital","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"54a8da92-2d3a-40ca-86d2-25fa47e18062","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/249.jpg","photo_position":"above","related_issue":[557415],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sharm El Sheikh: Radisson is coming for you - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharm El Sheikh: Radisson is coming for you\" \/>\n<meta property=\"og:description\" content=\"Radisson Hotel Group is eyeing a re-entry into Sharm El Sheikh as part of a plan to have 50 hotels in North Africa under its belt by 2025, North Africa Director of Development Alban Mabille de Poncheville told Hotelier Middle East. Egypt and Morocco are the group\u2019s focus countries, but it is also looking at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-19T04:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/249.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sharm El Sheikh: Radisson is coming for you\",\"datePublished\":\"2021-09-19T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\"},\"wordCount\":392,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/249.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"hospitality\",\"new administrative capital\",\"tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/sharm-el-sheikh-radisson-is-coming-for-you\/\",\"name\":\"Sharm El Sheikh: Radisson is coming for you - 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The international company will add hotels in Heliopolis, New Cairo, Golf City, Ain Sokhna, and Hurghada to its portfolio, making it one of the largest hoteliers operating in Egypt. The properties\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640826,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/hotel-occupancy-rates-soar-over-eid-break\/","url_meta":{"origin":557425,"position":3},"title":"Hotel occupancy rates soar over Eid break","author":"enterpriseam admin","date":"5 September 2017","format":false,"excerpt":"Hotel occupancy rates in Ain Sokhna, Marsa Matrouh, the North Coast, Alexandria, Sharm El Sheikh, and Hurghada soared over the Eid break, Al Shorouk reports, citing data from the Tourism Ministry. According to the ministry, most hotels in Ain Sokhna, Marsa Matrouh, and the North Coast filled 100% of their\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626783,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/radisson-hotel-group-appoints-frederic-feijs-as-regional-director-for-africa-and-egypt\/","url_meta":{"origin":557425,"position":4},"title":"Radisson Hotel Group appoints Fr\u00e9d\u00e9ric Feijs as Regional Director for Africa and Egypt","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"MOVES- Radisson Hotel Group has appointed Fr\u00e9d\u00e9ric Feijs (LinkedIn) as its regional director for Africa and Egypt, according to Hospitality Net. Feijs was most recently HNA Hospitality\u2019s Regional General Manager for French Polynesia.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644729,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/hotel-occupancy-rates-soar-over-eid-break-2\/","url_meta":{"origin":557425,"position":5},"title":"Hotel occupancy rates soar over Eid break","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"Hotel occupancy rates in Sharm El Sheikh, Hurghada, Alexandria, and the North Coast soared over Eid break, Al Borsa reports. Hotels in Hurghada and Sharm El Sheikh, where visitors were mostly Egyptian and Arab tourists, reported occupancy rates of 60-70% during the break. Meanwhile hotels in the North Coast, whose\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557425"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557425\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557425"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557425"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}