Egypt to Open 4 Hotels at Cost of EGP 2.600 Bln in 2021

Head of Chamber of Hotel Facilities Alaa Aqil announced the opening of 4 hotels with a capacity of 14,860 rooms in the Red Sea Governorate, at an investment cost of EGP 2,600,000,000 in 2021.

In press statements, Aqil said that the cost of construction work for one room amounts to EGP 1,750,000, explaining that the opening of 3 hotels that were scheduled in 2020 were postponed due to the Coronavirus pandemic, which led to the suspension of travel and tourism movement globally. .

Aqil added that opening 4 hotels during the current year, coincides with the start of the recovery of the tourist movement coming to Egypt in next May, in case of the Coronavirus vaccines succeeded.

He explained that the tourist movement in Hurghada is still weak, especially from European countries. He said that the number of tourists coming from Ukraine, Belarus, the Netherlands, the Czech Republic, Switzerland and Serbia is 200, in addition to domestic tourism, expecting that reservations will start to recover from the beginning of the summer season.

The World Travel and Tourism Council (WTTC) had expected that there will be a strong summer travel. WTTC explained that many major travel companies have reported a significant rise in forward reservations.

WTTC stressed that the recovery of international travel will be pushed to the second half of 2021, with the beginning of the gradual introduction of vaccines, which will lead to the removal of current global travel barriers and restrictions.

In a statement, WTTC said that more than 100 million jobs could return to the global travel and tourism sector during 2021, as the world recovers from the devastating COVID-19 pandemic.

The statement noted that in 2020, during the height of the pademic, the WTTC warned that 174 million global travel and tourism jobs were at risk. However, in its most recent analysis, the WTTC's most optimistic scenario predicts that as many as 111 million jobs could be revived. But that would still be 17% lower than the 2019 figures, accounting for 54 million fewer jobs.