The reluctance of tourists from the United States is in favor of the Egyptian "Orascom"

The Hospital Sector and Hotels in the Egyptian “Orascom Development” group benefited from the changes of some travelers of their holidays and their reluctance to travel to the United States and other destinations, to increase the occupations of the hotel in the Country in the Country in which the Cums is located Gouna in Egypt, Salalah in Amman, Switzerland and Montenegro, according to Omar al -Hamamsi, CEO of the Orascom hold group. In an interview with ‘Al -Sharq’, he added that the hospitality sector in the business, which includes 34 hotels with a total of 7 thousand hotel rooms, has a strong boom in all areas where the company has hotel projects. The Egyptian real estate development business is active in seven countries, which are Egypt, Morocco, Oman, the Emirates, Switzerland, Montenegro and England, and it is distributed between the hospitality sectors, hotels and residential real estate. A bladder for the US tourism sector has warned California that the decline in international travel tourism revenue will affect, and the US state expects international visits to fall by more than 9% this year due to the global negative impression of President Donald Trump’s policy, according to a report issued by “California Vezette”. According to the Financial Times, the United States has seen a sharp decline in the number of European visitors amid the increase in political and economic tensions and increasing fear of the border policy chased by President Donald Trump. According to the US International Trade Division, the number of Western Europe visitors who spent at least one night in the United States fell 17% last year, compared to last year, while the number of foreign visitors to America recorded a 12% decline in an annual basis in the same month, which still affected the largest decline since March 2021, when the Corona virus restrictions. The number of land trips to Canada residents to and from the United States fell 23% in February compared to the same period last year, which recorded the second consecutive month of decline on an annual basis, according to the Canadian Statistics Authority. In China, the Ministry of Culture and Tourism urged Chinese citizens to think carefully before driving on a plane to the United States. According to the Minister of Tourism and Antiquities Sherif Fathi, the number of tourists in the first quarter of this year has risen an increase in the number of tourists to Egypt in return to 3.9 million tourists, according to the Minister of Tourism and Antiquities Sherif Fathi. At the end of last year, the number of tourists to Egypt recorded an increase of about 5% compared to 2023 to record 15.7 million tourists, amid geopolitical disorders in the region and directly affected Egyptian tourism, representing one of the sources of the country’s most important currency, as revenue was $ 16 billion last year. Cairo intends to double the number of tourists by 2030 to 30 million, and to increase the annual revenue for the tourism sector to $ 24 billion, compared to about $ 15 billion currently. To achieve this goal, the country wants to build more than 200 thousand new hotel rooms in less than 4 years, to contribute the current issue of about 230 thousand rooms. “Orascom Development” is developing a real estate project under the name “Tiban” in the Makadi -Bay area of ​​Hurghada, a mixed project that includes hotels and residential units, according to al -Hammasi. On the part of residential real estate, Al -Hamamsi said that the current global trade situation and recession -fear are also in the interests of this sector in the business, explaining that the company’s projects in Switzerland and Oman saw a demand from US buyers, and that the projects within Egypt also benefit from the group of Egypt.