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FINANCIAL NEWS
Cairo’s hotel occupancy below 20%
12 Mar 2011
(MENAFN) Elizabeth Randall, managing director of STR Global, the hotel industry expert, said that hotel occupancy is currently below twenty percent as the political unrest in the country hit its tourism sector, reported Arabian Business.
Randall said that the number started declining considerably by late January, shortly after protests took over Egypt.
Randall added that the only thing that aided Egypt’s hotel industry was the fact that reporters and news agencies flew to the country in order to cover the political turmoil that was taking place.
Randall pointed out that if Cairo does not stabilize, it is unlikely for tourism to flourish back.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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