#new hotels
While the hospitality industry took a major hit during the peak of the COVID-19 pandemic, it has been strongly recovering in the last few years. Despite the struggling economy, the Egyptian government has been exerting tremendous effort to improve the investment climate in Egypt and promote tourism. With a goal to become an attractive travel destination, Egypt aims to attract 30 million tourists a year by 2028. In 2022, Cairo’s hotel occupancy increased by 106 percent, highlighting the slow but…
