In a new testimony to the recovery of tourism in Egypt, and expectations of positive prospects for the tourism movement in the coming period, Hilton Worldwide Group announced that it intends to increase its presence in Egypt by managing 8 additional hotels in addition to its existing 16 hotels.
Mohab Ghali, vice president of operations for the Hilton Group in Egypt and North Africa, said the group wanted to bring the number of hotels it manages in Egypt to 24 Hotels by 2024, up from 16 now.
Ghali was speaking on Tuesday during an event to celebrate the 100th anniversary of the establishment of the group that manages nearly six thousand hotels worldwide under 17 brands.
The tourism sector is an essential pillar of the Egyptian economy and a major source of foreign exchange and job opportunities for millions of Egyptians.
The sector is recovering after being severely damaged for years by the political turmoil that followed the 2011 uprising.
According to the latest reports of the Central Bank, tourism in Egypt achieved revenues of 12.6 billion dollars during the past fiscal year, and the International Monetary Fund expects to exceed 16 billion dollars by the end of the current fiscal year
Sources : Cairo 24