Hilton Planning To Open Nine More Hotels In Egypt By 2026
Hilton Worldwide is planning to open nine more hotels in Egypt by 2026, adding approximately 1,700 rooms, its regional head has told Reuters.
28% Room Number Increase And Three New Brands
The company currently has 14 hotels in Egypt. The expansion will increase its number of rooms in the most populous Arab country by 28% and introduce three new brands, Mohab Ghali said.
Pandemic's Impact On Tourism In Egypt
Tourism, which accounts for 15% of Egypt's gross domestic product and is a major source of foreign currency, has seen a sharp decline in the COVID-19 pandemic, with visitor numbers plunging to 3.5 million in 2020 from 13.1 million in 2019.
30 Hotels Within 10 Years
Ghali told Reuters in 2017 that Hilton planned to increase its hotel portfolio in Egypt to 30 within 10 years.