Hotel occupation in Egypt is more than 80% amid the growth in the number of tourists

The average hotel occupancy rate in Egypt has exceeded 80% in most tourist areas across the country, amid a growth in the number of tourists who have reached 23% since the beginning of the year compared to the previous year, according to Tourism Minister Sharif Fathi. In an interview with the East, he noted that the growth rate of the number of tourists expected for the entire current year ranges between 15% and 20%, “as the growth rate achieved last year of 15.8% compared to the available rooms is a high percentage”, and that the opening of the large museum will add a major tourist product. Egypt’s tourism revenue rose 22% in the first half of this year to $ 8 billion, Egyptian tourism minister Sherif Fathi told Al -Sharq earlier last month. The addition of Fathi Hotel Rooms revealed that the number of new rooms added in the first half of this year amounts to 6 thousand rooms, suggesting that the ministry is awaiting the opening of rooms in the coming period. He pointed out that the general planning of the Pyramids area ranging from SPHINX Airport to Saqqara Pyramid, which is implemented by a global consulting company, is viewed on Monday, adding that the vision based on the plan will be clear about the number and how to add hotel rooms to this region. In 2024, Egypt launched an initiative worth 50 billion pounds to support companies operating in the tourism sector with the aim of increasing the number of hotel rooms, with a decrease in 12% declining interest, provided the maximum financing of one customer is one billion pounds, and two billion pounds for the parties related to the benefits of the benefits. The value of the applications submitted to raise funds within the initiative exceeded 200 billion pounds, equivalent to four times the basic awards for the initiative, according to a previous statement of a government official who spoke to the ‘East’, provided his name was not published, while Fathi said that the initiative.