Hotel prices will be reduced by 40% compared to last year during the summer season as part of a Ministry of Tourism marketing campaign to attract more tourists to Egypt, said Mohamed Soliman, manager at tourism company Al-Rawas Group.
“In the Red Sea area prices will now be as low as EGP 100 per night and as high as EGP 300 per night in Sharm El-Sheikh,” he said.
Soliman added that the agreement for the price reductions was signed between tourism companies and the Ministry two months ago, with the price agreement lasting until October.
“Occupancy rates during 2012 reached 30% in Red Sea hotels,” he continued. “Occupation rates in Cairo have plummeted as low as 10%.”
“The tourism sector usually depends on advance reservations which include prices, visiting times and dates,” said Tarek Salama, a tourism consultant. “Due to the current political circumstances these are lower than during the…
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