Luxury hotels carve a niche in Cairo

A luxury hotel market is emerging in Cairo alongside the recovery of Egypt’s tourism industry after the downturn, hoteliers and analysts say.

The hotel company Kempinski opened a boutique property in Cairo this month, while Ritz-Carlton and Rocco Forte are renovating and rebranding existing hotels. Other brands heading to the city include a St Regis, being developed by Qatari Diar, and MGM Grand.

Ayman Sami, the head of Jones Lang LaSalle’s Egypt advisory business indicated that Egypt had largely been positioned as a low-budget tourist destination. But some investors had identified a gap in the high-end segment, he said.

The recently opened Kempinski Nile Hotel advertises itself as the first branded luxury boutique property in Cairo.

Excerpted from an article by Rebecca Bundhun for The National

Related posts:

1. New luxury hotel opens in Cairo
2. Alcohol banned at Grand Hyatt Cairo
3. The Rocco Forte Collection first Cairo Hotel
4. CHI Hotels & Resorts to open its First Sharm el Sheikh Hotel in July
5. The Nile Hotel, Cairo shuts for extensive renovations

Tags: cairo

This entry was posted on Friday, July 23rd, 2010 at 4:41 pm and is filed under Tourism. You can follow any responses to this entry through the RSS 2.0 feed.