Accor Eyes Building More Than 30 Hotels in Egypt

AccorHotels, one of the most famous hospitality companies, plans to construct more than 30 hotels in Egypt in the next four years.

The move comes as part of the French tour operator's plan to establish 60 hotels in Africa in the coming four years, Bloomberg quoted Chief Executive Officer for the Middle East and Africa Mark Willis as saying.

Willis pointed out that tourism in Egypt is rebounding again after years of recession and 'external factors' which negatively hit the industry.

[caption id="attachment_47626" align="aligncenter" width="615"] AccorHotels Chief Executive Officer for the Middle East and Africa Mark Willis[/caption]

"Egypt has overtaken Kenya’s coastal region as the preferred destination for European tourists and investors," he underscored.

Accor's plan includes African countries like Nigeria, Ethiopia, and South Africa, where it will open 10 hotels, seven and three others respectively by 2020.

The European hospitality company, which acquire the Mövenpick hotels and resort brand, has 143 hotels in Africa, 63 of them are in the south of the Sahara.

It is worth mentioning that TUI hotels are also considering building three hotels in Hurghada soon.