Egypt the biggest hotspot for billionaires in 2019

Egypt topped the list made by Original Travel agency of the hottest 15 destinations for billionaires in 2019, according to America’s prestigious business magazine Business Insider.

Investing in travel is becoming a widespread trend among elites across the world, symbolizing their prosperous status. In a prior report, Business Insider signified travel as one of the five key investments on which the rich spend their wealth.

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Egypt Is Shaping Up To Become A Real Energy Hub

Egypt’s minister of energy Tarek El Molla indicated a bid round on the 12thof February at EGYPS2019. El Molla stated bluntly that 2019 will be the Red Sea Year. This was also stated by Abed Ezz El Regal, CEO of EGPC. The bid round was expected earlier, but was delayed at the end of 2018 by Ganope.  The Red Sea has become a major focus area for EGPC and others

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Geneva-Hurghada flight announced as tourism booms

With tourism at its highest since 2010, Travel News has added Hurghada as a tourist destination. The German website announced a direct flight line from Geneva to the popular Red Sea destination for the 2018/2019 winter season, Al-Ahram website reported.

From October 28 onwards, the airline will generally expand its flights from Geneva. Flights to Hurghada will be available on Saturdays between October 13 and December 15, and on Sundays between December 23 and March 30. They will be operated by the Bombardier-CS300, which accommodates 145 passengers.

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Egypt Promotes Tourism by Signing Sponsorship Deal with FIFA World Cup

Egypt Promotes Tourism by Signing Sponsorship Deal with FIFA World Cup

“This is the first FIFA World Cup that the Pharaohs have qualified for since Italia [19]90, and Egypt — Experience & Invest is determined to use this opportunity to showcase in a modern way the rich and rewarding diversity of tourism experiences that our country offers,” Minister of Tourism Rania Al-Mashat said, reported a FIFA press release.

FIFA has declared its first African investor for the 2018 World Cup – the Egyptian government.

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Hurghada surges on as Antalya consolidates and Spain drops again

Egypt has confirmed its status as one of this year’s destination winners on the German package holiday market, the latest monthly figures from leading reservations provider Traveltainment showed. Bookings for Hurghadaincreased by a very strong 65% compared to the same month last year after more than doubling in April and following several months with high double-digit growth.

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Egypt’s hotel occupancy rate skyrockets in Q1 since 2010

Recently the Egyptian Minister of Tourism Rania Al-Mashat said that the number of tourists visiting Egypt has jumped by 30 percent during the first quarter of 2018 compared to last year. While the Central Agency for Public Mobilization and Statistics (CAPMAS) reported that the country has received at least 730,000 tourists in February 2018, achieving 35 percent increase compared to the same month in 2017.

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Tourists to Egypt increased by 30% during first quarter of 2018: minister

Minister of Tourism Rania Al-Mashat announced that the number of tourists visiting Egypt has jumped by 30 percent during the first quarter of 2018 compared to last year. The announcement came during a press conference on the sidelines of the Arabian Travel Market exhibition taking place in Dubai. Mashat added that tourism now represents 15 percent of the total sources of income for the national economy.

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