When Egypt loses $7.4 billion hotel supplies

A $7 billion hotel supply glut caused by a shortage of hotel beds has forced Egypt to suspend sales of hotel supplies, Egypt’s state news agency reported Tuesday.The hotel supply shortage has forced the government to delay or cancel several major hotel projects, such as construction of hotels and condominiums, the agency said.The World Bank […]

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How much will you save with bulk hotel supply?

On Feb. 13, 2017, the Egyptian government announced that it had announced a total of 20,000 hotel rooms and rooms for people with chronic illnesses will be given to the needy, the largest reduction in hotel supply since the beginning of the crisis in 2015.Egyptian President Abdel Fattah el-Sisi had previously promised to make hotel […]

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