Hotel investments in the Marsa Alam region roughly amount to EGP 15bn with more than 15,000 operational hotel rooms, according to the head of the Tourism Investors Association in the region, Adel Radi. There are opportunities for growth in occupancy rates in the area; however, it depends on the marketing campaigns, whether in Arab or in European countries. Occupancy rates in Marsa Alam vary from one hotel to the other depending on the capacity of the hotel. There are strong opportunities for growth from inbound Arab tourism, especially from Jeddah, Saudi Arabia. Both countries represented approximately 45% of the annual tourism to Egypt; however, tourists from Germany and eastern European countries has not ceased.

Source: Daily News Egypt September 08, 2016 06:00 UTC