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Since 2005, about 3,800 new rooms have been added to Cairo’s luxury hotel inventory with the opening or “rebranding” of no fewer that half a dozen properties, a spurt that might seem incongruous in light of the global financial crisis and subsequent recession. Many industry insiders, however, see the growth as part of a much-needed reawakening of the city’s luxury lodging market.
Since 2005, about 3,800 new rooms have been added to Cairo’s luxury hotel inventory with the opening or “rebranding” of no fewer that half a dozen properties, a spurt that might seem incongruous in light of the global financial crisis and subsequent recession. Many industry insiders, however, see the growth as part of a much-needed reawakening of the city’s luxury lodging market.