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Wednesday, 18 July 2018

Encouraged by political stability, tourists are flocking back to Egypt, says Marriott CEO

Marriott CEO sees tourists flocking back to Egypt amid political stability: Tourists are flocking back to Egypt as the stable political situation has helped to quell travelers’ fears, President and CEO of Marriott International Arne Sorenson said, according to Hotel Management. Sorenson added that the country is seeing more stability and optimism now than there was in 2012, which faced uncertainty.

Healthy pipeline for Marriott in the coming period: Marriott plans to add more than 1,200 guest rooms in four new hotels in Egypt. The group has been seeing an uptick in hotel investment in Egypt, especially in the development of cities and the New Administrative Capital. "These are projects that can attract many investments," Alex Keyriakidis, president and MD of the Middle East and Africa at Marriott, said. Marriott is currently in talks with the government to develop new hotels in El Alamein, Alexandria, Luxor, Aswan, and Red Sea towns.

Meanwhile, Ukrainians continue to be among those who are contributing to the rebound in tourism inflows to Egypt, which is one of three top vacation destinations for Ukrainians, the Bobr Times reports. Around 1 mn Ukrainian tourists are expected to visit Egypt this year. These “recovering” numbers have helped to spur investments in tourism and hotels, according to Sorenson.

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