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FINANCIAL NEWS
Number of hotel rooms in Egypt to grow by 300pct in 8 years
16 Sep 2017
(MENAFN) The rate of room increase amid 8 years will reach 300 percent as the needs of this increase, involving infrastructure facilities, power plants and desalination plants, amid others increase too.
Accordingly, the increase is linked to the increase in direct and indirect labor, along with growing operational movement, contractors and suppliers.
Additionally, projects begin with direct employment of 169 workers then grow in the following 8 years to 223 percent.
Furthermore, tourism industry return on investment is below 5 percent due to the low accommodation price and the falling occupancy rates that remain under 60 percent.
MENAFN1609201700450000ID1095865655
MENAFN1609201700450000ID1095865655
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