Luxury hotels 'a growing market in Egyptian property'

The upmarket hotel industry offers potential to investors in property in Egypt, according to a newspaper.

Rebecca Bundham of the National reported how property investors have been able to take advantage of the fact that tourism in Egypt is now on the up, having suffered during the recession.

Adviser Ayman Sami noted that as the euro strengthens against the Egyptian pound, more people are coming from the eurozone to holiday in the country.

Fuat Koroglu, general manager of the new Kempinski Nile Hotel, told the paper that the general demographic of visitors to Egypt is shifting and that more "high end" customers are coming over to join the traditional budget travellers.

He added that many hotel properties in Egypt cater for the upper end of the market but are in need of refurbishment due to their age.

The Egyptian tourist authority promotes activities such as Nile
cruises, diving and safari trips to those taking a holiday in the country.

Additionally, there is the chance to learn about Islamic and Coptic history and culture.

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