Occupancy Levels Fall To 3% Amid Political Turmoil

News: Occupancy levels in some luxury hotels in Egypt have fallen to as low as just 3% owing to political turmoil in the country, according to Robert Gaymer-Jones, the CEO of French hotel group Sofitel Worldwide (Arabian Business). 'The saddest thing of the whole Egyptian thing is the impact on our employees. I have several thousand employees in Egypt. To see these people, they want to work,' Gaymer-Jones added. However, the June 2013 report of the EY Middle East Hotel Benchmark Survey revealed that the Egyptian Red Sea hospitality markets have recorded the highest growth in revenue per available room, compared with growth over the same period in 2012.

This article is tagged to:
Sector: Country Risk, Tourism
Geography: Egypt

Enter your details to read the full article

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.