World’s largest hotel chain , Marriott International is doubling down on Egypt as the world’s largest hotel company moves to capture rising tourism demand in one of Africa’s biggest travel markets.
The US hospitality giant has signed an agreement with Egyptian developers Misr Italia Properties and People & Places Developments to build nine new hotels and resorts across the country, adding more than 1,800 hotel rooms and branded residences as Egypt accelerates efforts to become a leading global tourism destination.
The agreement covers projects in Egypt’s fast-growing coastal and urban destinations, including mixed-use developments combining hotels, luxury residences and commercial facilities.
The expansion comes as Egypt ramps up investment in tourism infrastructure, aiming to accommodate a growing influx of international visitors while attracting more foreign capital into its hospitality and real estate sectors.
According to Misr Italia Properties, the projects represent a total investment of more than 56.7 billion Egyptian pounds (about $1.1 billion).
