Officials at Hilton Group said that performance indicators are recovering as Egypt and Turkey revive their tourist market. They noted that occupancy grew by 20% since the beginning of the year.
Carlos Khneisser, Hilton’s vice president of development for MENA and Turkey, said that the Egyptian economy is seeing the currency stabilise, along with the inauguration of the New Administrative Capital, the expansions in the North Coast and Alamein, and the developments in Ain Sokhna, all of which should attract investments to Egypt, in addition to stimulating tourism and hotel activities.
He added that the market in Egypt is seeing high demand …read more
Source: Daily News Egypt
