Internationally renowned Hotelier Hilton Hotels have opened yet another resort in Egypt. It is the prestigious brand’s 17th establishment in the country which highlights their confidence in Egypt’s growing tourism industry.
The global head of Hilton Hotels and Resorts, David Horton commented on Hilton’s position in Egypt.
“As the largest international hotel brand in Egypt, we take great pride in opening our latest Hilton Resort in this region.”
He added that the country is “a fantastic location for travellers seeking rich local culture and authentic experiences. The area is an ideal gateway for tourists seeking the ever popular Nile cruise, ancient sites and temples.”
Mr Horton views are shared by many in the tourism industry who expect Egypt’s popularity amongst holiday makers to grow over coming years. Although the country’s tourism growth plans were stifled by a populist revolution earlier in the year, Egypt seems to be back on track still offering an excellent climate, a globally central location and great value for money for holiday makers.
Chairman of Concord Co. for Tourist Development and owner of the latest hotel, Hamada Aboul Enein explained that the Red Sea Riviera in particular has gained significant popularity amongst tourists.
He said the area “is famous for its beaches, coral reef barriers and the abundance of marine life found in its waters.”
The forecast growth of tourism along the Red Sea Rivera is expected to significantly affect property prices around the resorts that line the coast. Not only will rental values receive upward pressure from the premium holiday let market, but the demand for holiday homes is predicted to increase sharply as well. As a result, prospective investors are watching Egypt property with a keen eye anticipating strong growth in the medium term.