The UAE’s TIME Hotels is set to open its first two hotels in Egypt later this year, namely the five-star TIME Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star TIME Marina Hotel & Conference Center near Al-Alamein on the Mediterranean coast.
During an inspection tour on the progress of the hotels, Time Hotels CEO Mohamed Awadalla commented: “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,” he said, adding that a further five are planned in the pipeline.
The TIME Marina Hotel & Conference Center is situated just ten minutes from New Al-Alamein City on Egypt’s Mediterranean coast. Equipped with 130 rooms, the establishment is able to accommodate more than 350 delegates theater style and also comes with 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. The city will eventually be built across 50,000 acres in three stages, stretching for 60km away from the coast, attracting an estimated three million residents,” Awadalla explained.
The five-star Coral Resort Nuweiba hotel is situated in the Red Sea resort of Nuweiba on the east coast of the Sinai peninsula, approximately 140km from Sharm El-Sheikh.
Overlooking the Gulf of Aqaba, the hotel 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. It is only 90 minutes’ drive from the international airport at Sharm El-Sheikh and only 70-100km from Taba International Airport and Eilat (Ramon International Airport). Plans are already afoot to develop the area sympathetically, with craft shops, restaurants, bars, Bedouin heritage centers, desert safaris and a diving center.
“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,” Awadalla explained.
Although the international tourism sector has almost ground to a halt due to the pandemic, domestic tourism has ballooned in many countries such as the UAE and Egypt, whose exceptional resilience was borne out by the latest figures from international research and consulting firm Colliers.
According to their latest forecast, Alexandria will finish 2021 with 62 percent average occupancy, with Cairo behind on 41 percent – however, this still marks a 50 percent increase compared with the full year 2020. Meanwhile Sharm El-Sheikh, which is far more dependent on foreign tourists, will finish 2021 on 35 percent average occupancy – another 50 percent increase over the previous year.
“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.