{"id":642297,"date":"2017-08-10T03:48:46","date_gmt":"2017-08-10T03:48:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/10\/hilton-plans-expansion-into-egypt-thanks-to-upswing-in-tourism-and-devaluation\/"},"modified":"2017-08-10T03:48:46","modified_gmt":"2017-08-10T03:48:46","slug":"hilton-plans-expansion-into-egypt-thanks-to-upswing-in-tourism-and-devaluation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/10\/hilton-plans-expansion-into-egypt-thanks-to-upswing-in-tourism-and-devaluation\/","title":{"rendered":"Hilton plans expansion into Egypt thanks to upswing in tourism and devaluation"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Hilton plans expansion into Egypt thanks to upswing in tourism and the EGP float:<\/strong> Hilton plans to expand its number of managed hotels in Egypt to 30 from a current 17 over the next seven to ten years, vice president of MENA operations Mohab Ghali <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-tourism-hilton-idUSKBN1AP1WQ\">told Reuters in an interview<\/a> yesterday. \u201cIf things remain stable, within the next six months, in the 2018 winter season, we can see pre-2011 numbers returning, with more revenues now because of the devaluation,\u201d Ghali added. The float of the EGP had also helped a revival in occupancy rates, particularly in Hurghada and Marsa Alam, he said. Ghali <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/18\/hilton-to-open-first-hotel-out-of-seven-new-hotels-end-of-2018\/\">had said last month<\/a> that Hilton will open its first hotel under its new contract to manage seven establishments at the end of 2018. Four of these hotels will be in Cairo with the rest in Ain Sokhna, Damietta, and the new capital. The company is also planning to expand into Morocco and Tunisia.<\/p>\n<p><strong>The Hilton\u2019s baseline assertions are backed by recent tourist arrival figures,<\/strong> as Egypt reportedly received 532k visitors in June alone,<a href=\"http:\/\/www.ansamed.info\/ansamed\/en\/news\/sections\/tourism\/2017\/08\/09\/tourism-egypt-prices-beat-fear-532000-visitors-in-june_c510422c-83ac-4d5d-ac59-32b81054bd88.html\">Italy's ANSAmed reports<\/a>. The increase in arrivals was likely driven by the Egyptian Tourism Authority\u2019s subsidy program, which offers affordable charter flights that make it easier for tourists to fly in, especially Italians, of whom we have lately seen an influx. Air Cairo will be launching a Milan route soon, the story adds.<\/p>\n<p><strong>Emirates Airline will also be adding four new flights a week to its Cairo roster<\/strong> starting 29 October, <a href=\"https:\/\/www.thenational.ae\/business\/aviation\/emirates-adds-to-cairo-services-1.618208\">The National reports<\/a>. \u201cWe will continue to invest in Egypt, empowering the local economy and helping it expand its business and tourism presence,\u201d Orhan Abbas, Emirates\u2019 senior VP of commercial operations for Africa. The new flights mean that Emirates will fly to Cairo three times a day.<\/p>\n<p>Also on the tourism front: <strong>Saudi\u2019s plan to build resorts on 50 virgin islands in the Red Sea <\/strong><strong>doesn\u2019t have Tourism Minister Yehia Rashed concerned, <\/strong><a href=\"http:\/\/www.ansamed.info\/ansamed\/en\/news\/sections\/tourism\/2017\/08\/09\/tourism-no-concern-for-major-saudi-project-egypt-minister_8c095bbd-b402-4a52-b4ff-6cd79899c280.html\">according to ANSAmed<\/a><strong>. <\/strong>The minister says the plan will benefit the region and won\u2019t necessarily compete with Egypt\u2019s tourism offerings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hilton plans expansion into Egypt thanks to upswing in tourism and the EGP float: Hilton plans to expand its number of managed hotels in Egypt to 30 from a current 17 over the next seven to ten years, vice president of MENA operations Mohab Ghali told Reuters in an interview yesterday. \u201cIf things remain stable, [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642297","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"980e3f60-ba63-477d-9c20-21d8e54d543d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642291],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The company had decided to make Egypt the regional headquarters for the hotel chain,\u2026","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":637479,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/hilton-to-increase-its-hotel-rooms-in-egypt-by-40-by-2022\/","url_meta":{"origin":642297,"position":2},"title":"Hilton to increase its hotel rooms in Egypt by 40% by 2022","author":"enterpriseam admin","date":"16 November 2017","format":false,"excerpt":"Hilton Worldwide is looking to increase the number of hotel rooms it manages in Egypt by 40% by 2022\u2019s end, North Africa VP Mohab Ghali said, according to Reuters. 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