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FINANCIAL NEWS
Cairo hotels’ revenue to grow by 22 percent
20 Jul 2016
(MENAFN) The hotel market in Cairo continues to grow as the city is growing with a rise of 22 percent in demand amid June to August yearly.
Accordingly, a strong corporate environment and meetings, incentives, conferences, and events drove the demand for hotels in the country.
Meanwhile, in Sharm El-Sheikh, the resort area continues to feel the negative consequences of fallen tourism due to recent events that drawn tourists inflow.
In addition, in Hurghada, travel advisories continue to have a negative impact on global demand for hotels, which dropped by 23 percent.
More News
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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