{"id":636158,"date":"2017-12-21T03:53:18","date_gmt":"2017-12-21T03:53:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/hilton-worldwide-plans-to-halve-its-hotel-management-contracts-in-sharm-el-sheikh\/"},"modified":"2017-12-21T03:53:18","modified_gmt":"2017-12-21T03:53:18","slug":"hilton-worldwide-plans-to-halve-its-hotel-management-contracts-in-sharm-el-sheikh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/hilton-worldwide-plans-to-halve-its-hotel-management-contracts-in-sharm-el-sheikh\/","title":{"rendered":"Hilton Worldwide plans to halve its hotel management contracts in Sharm El Sheikh"},"content":{"rendered":"

Hilton Worldwide is reportedly planning to reduce the number of hotels it manages in Sharm El Sheikh next year to two from a current four, unidentified sources tell Al Borsa<\/a>. The company will not renew its contracts with Fayrouz Resort and Sharm Dreams Resort, both of which expire at the end of the month. According to the sources, Hilton sees the hotels as being outdated and in need for development, but their owners have reportedly refused to upgrade them at this time. Hilton had announced earlier this year<\/a> it plans to nearly double its number of managed hotels in Egypt to 30 from a current 17 over the next seven to 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hilton Worldwide is reportedly planning to reduce the number of hotels it manages in Sharm El Sheikh next year to two from a current four, unidentified sources tell Al Borsa. The company will not renew its contracts with Fayrouz Resort and Sharm Dreams Resort, both of which expire at the end of the month. According […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636158","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"cea8e2f1-b75b-45e1-989e-738bfcb8ada3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636122],"teaser":"","voice_url":""},"yoast_head":"\nHilton Worldwide plans to halve its hotel management contracts in Sharm El Sheikh - 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\/2017\/12\/21\/hilton-worldwide-plans-to-halve-its-hotel-management-contracts-in-sharm-el-sheikh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hilton Worldwide plans to halve its hotel management contracts in Sharm El Sheikh\" \/>\n<meta property=\"og:description\" content=\"Hilton Worldwide is reportedly planning to reduce the number of hotels it manages in Sharm El Sheikh next year to two from a current four, unidentified sources tell Al Borsa. The company will not renew its contracts with Fayrouz Resort and Sharm Dreams Resort, both of which expire at the end of the month. 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