Jaz Hotels & Resorts plans to open four new hotels in Egypt, in the cities of Hurghada and Marsa Alam, by May 2020, with a total capacity of 1,300 rooms.
Alaa Akel, CEO of Jaz Hotel Group, told Travel Yalla News that the four hotels comprise two hotels under construction in Soma Bay with a total capacity of 830 rooms, in addition to a hotel in Hurghada undergoing a complete renovation with a capacity of 232 rooms, while the fourth hotel is located in Marsa Alam with a capacity of 238 rooms.
Akel said these expansions came as a result of rising demand for Egypt as a tourist destination, as occupancy rates at the group's hotels improved by 18% during the first nine months of this year compared with the same period of 2018.
He added that Jaz Group, one of the companies of Travco Group International, currently manages 45 hotels in Egypt, and is set to reach 47 hotels after the opening of the Sharm Dreams and Fayrouz hotels in Sharm El-Sheikh, whose management contracts were signed at the end of last week, with a total hotel capacity of 12,100 rooms, which will reach 13,400 rooms after the opening of the four new hotels on the Red Sea.
