What is the structure of Hilton Egypt?
We have a total of 7 Hotels in Egypt: 3 Hiltons in Cairo, 2 in Sharm El Sheikh, and Hurghada, and 1 in Nuweiba, in Dahab, and Taba. There are another 2 hotels opening in Sharm El Sheikh and 1 in Taba so that makes 10 Hotels in total. Q/3 Could you give some figures? We had in Egypt alone a turnover of around $125 million and bearing in mind that 1998 was not the best year due to the events that happened in November 1997. In terms of rooms, there are around 3000 rooms in all of Egypt. Q/4 how would you evaluate the market share? We have two situations in Cairo. We take upper bracket incomes at the Nile Hilton, as there are only 400 rooms and keep it mostly for businessmen. We call it the Ritz of Cairo. The Ramses Hilton with 934 rooms is about 50% tourists 50% businessmen. The Nile Hilton has the highest room rate in town and all of Egypt. We take the business center of Cairo from the top and bottom. In the middle are the Intercontinentals and the Sheratons. Simply by virtue of the oper
