UAE-based Time Hotels has announced plans to open its first two hotels in Egypt later this year as the company looks to broaden its footprint from the Gulf to the Mediterranean.
The five-star Time Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star Time Marina Hotel & Conference Centre near Al Alamein on the Mediterranean coast will open in 2021, the company said.
During a recent visit to check on the progress of the hotels, Mohamed Awadalla, CEO, Time hotels said: “Work is proceeding well at our Time Marina Hotel and that property should be ready to open in August. As for the Time Coral Resort, that hotel is already open and operating, so it is only a case of re-branding the hotel and opening under our management this summer.
“These hotels are our first in Egypt and will broaden our footprint from the Gulf to the Mediterranean, with 16 properties situated in UAE, Doha, Saudi Arabia and now Egypt, with a further five in the pipeline.”
The 130-room Time Marina Hotel & Conference Centre can accommodate more than 350 delegates theatre style and also features a rooftop lounge, a restaurant, coffee shop, gym and pool.
“This hotel is ideally placed to service the enormous number of corporate companies that are basing their operations here, some new, some relocating from Cairo, as well as an increasing amount of general commercial activity,” added Awadalla.
The 203-key Time Coral Resort Nuweiba features three restaurants and bars with extensive gardens and palms with a private sandy beach, ideal for diving enthusiasts.
“This beautiful resort hotel is perfect for those looking for complete relaxation in unspoilt and tranquil surroundings. We believe it has tremendous potential for the leisure market.
Mohamed Awadalla, CEO of Time Hotels.
“Nuweiba is very popular with Israeli visitors, particularly seniors, as well as Egyptians, many looking to get away from the hustle and bustle of Cairo. We will focus on these markets as well as encouraging charter operators, once the current global travel restrictions start to ease,” said Awadalla.
He added that although the global tourism sector has almost ground to a halt in terms of international arrivals, domestic tourism has boomed in many countries such as the UAE and Egypt.
According to Colliers, Alexandria will finish 2021 with 62 percent average occupancy, with Cairo on 41 percent. However, that will be a 50 percent increase compared with the full year 2020.
Sharm El Sheikh, which is far more dependent on foreign tourists, will finish 2021 on 35 percent average occupancy, again a 50 percent increase over the previous year, Colliers added.
“Egypt is ready to bounce back as soon as international borders open again and international flights resume, especially after the opening of the largest museum in the world in Cairo, which will definitely be one of the country’s biggest tourist attractions. In addition, the vaccine rollouts in some of Egypt’s key source markets will undoubtedly bring optimism and confidence back to its tourism sector,” said Awadalla.
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