The idea of the project is to create and establish hotel apartments. Designed and furnished using the best decorations and products, these apartments will be equipped with all the necessities of modern life to provide an excellent residential accommodation service. The project targets tourists and expatriates. Due to the increased demand for the project’s services, mashroo3k expects the project to generate significant profits and financial surpluses.
In 2020. By 2027, the global hotel market is expected to reach USD 735.38 billion and by 2027, the market is expected to reach USD 1789.51 billion, achieving a CAGR of 12.9% during the forecast period.
before the coronavirus pandemic. The number of tourists entering Egypt has surpassed 13 million.
The number of tourist nights exceeded 135 million.
The number of hotels has reached 1410.
The number of hotel rooms is 168,557.
The number of hotel beds is 316,669.
The average annual growth in tourist numbers is about 8.4% during the period (2016-2020).
The average annual growth in the number of tourist nights in Egypt is 37.8%.
