{"id":565510,"date":"2021-04-13T13:26:35","date_gmt":"2021-04-13T13:26:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/"},"modified":"2021-04-13T13:26:35","modified_gmt":"2021-04-13T13:26:35","slug":"take-your-pick-of-54-new-hotels-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/","title":{"rendered":"Take your pick of 54 new hotels in Egypt"},"content":{"rendered":"

<\/a> We currently have 54 new hotels in development across Egypt, which will add a <\/strong>combined 16k new rooms by 2023<\/strong>, according to Top Hotels News<\/a>\u2019 database. The busy hotel development pipeline is concentrated mostly in Cairo, Sharm El Sheikh, and Hurghada. Cairo has 12 hotels currently under development, while the beachside tourism towns of Sharm El Sheikh and Hurghada promise bigger and more leisure-focused resorts. Of the 54 properties, 30 are expected to be in the luxury five-star segment while the remaining 24 will fall into the four-star category.<\/p>\n

This year alone should see 14 new properties open their doors<\/strong>, with four already in the pre-opening phase. Hilton Secon Nile Tower is one of the hotels slated to launch soon, with its doors reportedly opening by mid-2021. Another 12 hotels \u2014 with a combined 3,990 rooms \u2014 are expected to open their doors in 2022, while 14 properties (3,816 rooms) are set to open in 2023.<\/p>\n

The hotel additions come as Egypt\u2019s tourism industry is clawing its way back to a <\/strong>recovery:<\/strong> Hotel occupancy rates have been going up in the past few months, averaging between 40-45% in 1Q2021<\/a> and are expected to pick up further<\/a> this year as vaccine rollouts continue. The industry is expected to reach pre-pandemic levels by 2022 as the appeal of open air resorts and the new Grand Egyptian Museum contribute to a faster recovery, Tourism Minister Khaled El Anany had previously said<\/a>. Bank of America echoed<\/a> the expected recovery date, adding that revenues in Egypt\u2019s tourism sector could hit USD 7 bn next year.<\/p>\n

As we reported this morning: Tourism revenues slowly mounting a comeback<\/strong>, with total receipts rising almost 25% in the three months ending 31 December compared with the USD 801 mn taken in<\/a> in the first quarter of the state\u2019s fiscal year. Still, total tourism revenues remain far below pre-pandemic levels, clocking in at USD 987 mn during the three months to 31 December 2020, less than a third of the USD 3.1 bn taken in 2Q2019-2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

We currently have 54 new hotels in development across Egypt, which will add a combined 16k new rooms by 2023, according to Top Hotels News\u2019 database. The busy hotel development pipeline is concentrated mostly in Cairo, Sharm El Sheikh, and Hurghada. Cairo has 12 hotels currently under development, while the beachside tourism towns of Sharm […]<\/p>\n","protected":false},"author":1,"featured_media":565511,"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":[7377],"tags":[633,505,3272,954,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterprisepm","tag-hurghada","tag-movenpick","tag-sharm-el-sheikh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"9bc80a7f-2947-4edd-900f-564dfded5c45","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/406.jpg","photo_position":"above","related_issue":[565505],"teaser":"","voice_url":""},"yoast_head":"\nTake your pick of 54 new hotels in Egypt - 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\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Take your pick of 54 new hotels in Egypt\" \/>\n<meta property=\"og:description\" content=\"We currently have 54 new hotels in development across Egypt, which will add a combined 16k new rooms by 2023, according to Top Hotels News\u2019 database. 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The two Red Sea resort towns cost an average of USD 106 and USD 122 per night at five-star hotels, respectively. Cairo came in 40th, costing USD\u2026","rel":"","context":"In "Tourism"","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":643136,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/cairo-hotel-occupancy-rates-up-4-y-o-y-in-2q2017-colliers-international\/","url_meta":{"origin":565510,"position":1},"title":"Cairo hotel occupancy rates up 4% y-o-y in 2Q2017 -Colliers International","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"Occupancy rates in Cairo hotels rose 4% y-o-y in 2Q2017, according to a Colliers International report picked up by TradeArabia. The majority of hotels opening in the city are in the five-star category, including Steigenberger El Tahrir, Westin Cairo Golf Resort, and the recently revamped Sheraton in Dokki. Sharm El\u2026","rel":"","context":"In "Tourism"","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":565510,"position":2},"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 "Tourism"","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":634993,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/sharm-el-sheikh-hurghada-occupancy-rates-expected-to-rise-significantly-in-1q2018-colliers-says\/","url_meta":{"origin":565510,"position":3},"title":"Sharm El Sheikh, Hurghada occupancy rates expected to rise significantly in 1Q2018, Colliers says","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"Hotel occupancy rates in Sharm El Sheikh and Hurghada are expected to rise to 47% and 55%, respectively, during 1Q2018, Colliers International said in its latest MENA Hotels Forecast report (pdf). The market in Sharm El Sheikh is forecasted to grow \u201cfrom the low base of Q1 last year, in\u2026","rel":"","context":"In "Tourism"","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":648586,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/tourism-ministry-committee-recommends-minimum-charge-prices-for-hotels\/","url_meta":{"origin":565510,"position":4},"title":"Tourism Ministry committee recommends minimum charge prices for hotels","author":"enterpriseam admin","date":"6 April 2017","format":false,"excerpt":"The Tourism Ministry committee mandated with setting a minimum charge for hotels in Egypt is recommending that five star hotels in Cairo charge a minimum of USD 110 per night, committee head Magdy Naguib tells Al Borsa. The committee is also recommending that five star hotels in Sharm El Sheikh,\u2026","rel":"","context":"In "Tourism"","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":567523,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/","url_meta":{"origin":565510,"position":5},"title":"Egypt hotel revenue to grow 5-13% this year -Colliers International","author":"enterpriseam admin","date":"26 January 2020","format":false,"excerpt":"Egyptian hotels in Cairo, Alexandria, Sharm El Sheikh and Hurghada will see their average revenue per available room (RevPAR) rise by 5-13% in 2020, according to a Colliers International report picked up by the local press. 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