Closure of 29 hotels in Sharm El-Sheikh due to the absence of tourists

ArabiaWeather.com- The continued weakness of tourism in Sharm El-Sheikh exacerbated the crisis and closed a number of hotels. Including major investors, after confirming their helplessness in facing the crisis, as it was announced that 29 hotels would be closed.

For his part, Elhamy Al-Zayyat, head of the Egyptian tourist chambers, said that large numbers of hotels in Hurghada and Sharm El-Sheikh officially informed them of the decision to close them due to the lack of incoming tourist movement so far.

Al-Zayyat added that the occupancy rate in Sharm and Hurghada does not exceed 10% since the Russian plane crash, which constituted a burden on hotels after a number of countries signed travel bans to Egypt .

It is noteworthy that about nine million and 300 thousand tourists visited the country in 2015, a decrease of 6% compared to 2014, while tourism revenues were estimated at about six billion and one million dollars, down about 15% from the revenues achieved in 2014.