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FINANCIAL NEWS
Sharm El-Sheikh tourism predicts to decline
11 Feb 2016
(MENAFN) Colliers International forecasts tourism to Sharm El-Sheikh and Hurghada to fall, whereas tourism to Cairo and Alexandria is predicted to increase.
Accordingly, in the wake of travel limits to Sinai, businesses in Sharm El-Sheikh and Hurghada have a big reliance on local tourism.
Additionally, west and east Cairo are taking advantage from the need, which was limited to hotels in downtown Cairo, which achieved 28 percent growth.
Moreover, increase in hotel capability in Hurghada has been steady through the past year, particularly across five, four, and three hotels which introduce almost 33 Pct of whole capacity.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
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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