Hotel and Tourism


According to World Tourism Organization, the Middle East region is the fastest growing tourist region in the past decade. International tourist arrivals in the Middle East region grew by an average of 9.3% per annum during 2000-2012, compared to 9.3% in Asia and Pacific, 8.5% in Africa and 3.2% in Europe.

One of the most popular tourist destinations in the Middle East is Egypt. Egypt’s tourism industry is among the most diverse and vibrant in the world. Beyond the pristine beaches and year-round sunshine, Egypt’s long and varied history, rich cultural heritage and unique geographic features make it a popular destination for adventure, eco, sailing, diving, health and cultural tourism - and for religious tourism to sites of importance to Christians and Muslims alike. About 12 million tourists visited Egypt in 2012, and revenue was around 10 billion U.S Dollar. According to government figures some 14.5 million tourists visited Egypt in 2010, generating around 12.5 billion U.S Dollar ($2.05 billion) in revenue, whereas 2011, 9.8 million tourists brought in 8.8 billion pounds, The sector employs about 12% of Egypt's workforce. The tourism sector is a vital and strategic component of the Egyptian economy. As a significant contributor to GDP growth, the industry represents 50% of all service export receipts. It is also the second largest hard currency earner - USD 12.5 billion in 2010 after the Egyptian expatriate remittances of more than 20 billion U.S Dollar. As a result, the Egyptian government is strongly committed to supporting the growth of this industry. Among other projects, the state is currently managing an EGP 1.4 billion (200 million U.S Dollar) upgrade to Hurghada International Airport. The new runway and terminal opened in late 2013 are designed to double the airport’s capacity to 14 million passengers per year.

 

Financial consultants for Marketable Securities Dr. A. M. Hegazy-(Horwath) brings to the Middle East and Egypt its expertise in helping tourism, hotel and leisure industries. We have extensive, in-depth knowledge and understanding of the needs of hotel and real estate companies and financial institutions. We provide assistance to investors, developers and hotel and leisure operating companies in the area of improvement and consolidation through a combination of international experience and expert technical knowledge. Our main objective is to provide complete assistance in facing the new and challenging requirements of competition when developing Hotel, Tourism and Leisure (HTL) businesses and in the consolidation of the existing ones.