Published the current price in the hotels of Hurghada and Sharm El-Sheikh
Due to prolonged difficulties in the tourism industry Egypt The cost of living in local hotels fell to a minimum.
Inexpensive 3-star hotels even work at a loss, go bankrupt and close - a night in a budget hotel in the resorts of Egypt will now cost 7-8 dollars, which is less than the cost. The information was published by the Chairman of the Committee on Tourism of the Egyptian Association of Entrepreneurs Ahmed Balbaa.
Due to the strong decline in foreign tourist flow, primarily from Russia, the economy of the Arab Republic is in crisis. The hotel sector is experiencing unemployment and a decrease in the number of rooms, small handicrafts and souvenir shops had to close, the profits of agricultural and other industries dependent on tourism decreased.
We note a critical decline in prices for accommodation in Hurghada and Sharm El Sheikh hotels: 5-star hotels have already dropped the cost to $ 20 per night or less, 4-star hotels to $ 14 and below. The three-star hotels are working at a loss, taking tourists for 7-8 dollars a day, said the chairman of the Tourism Committee of the Egyptian Association of Entrepreneurs.
Mostafa Helil, a representative of the Union of Tourist Chambers of Egypt, believes that foreign tourist flow in the country can recover during this year. The specialist said that the occupancy rate of Hurghada hotels is 80%, Sharm El Sheikh – 50%.