Egypt sells stakes in 7 state-owned historic hotels in partial privatization capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.
Egypt Sells Stakes In Seven State-Owned Historic Hotels In Partial Privatisation menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Egypt sells stakes in 7 state-owned historic hotels in partial privatization-Xinhua english.news.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.news.cn Daily Mail and Mail on Sunday newspapers.
CAIRO, Dec. 20 (Xinhua) The Egyptian government on Wednesday inked a deal to sell 39 percent stakes in seven state-owned historic hotels to the country's private real estate giant Talaat Mostafa Group (TMG).
An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for hotel investment. Because of the spike in travel, many cities are generating record-high revenue per available room (RevPAR), and investors expect the growth to continue, according to JLL's November Global Hotel Investment Sentiment Survey. Urban market