No Less Than 28$: Egypt Hotel Prices
Over the past few years Egyptian lawmakers and hoteliers have battled over regulation of the country’s hospitality market, namely, minimum hotel rates. This would give the local businesses some legal leverage in negotiations with foreign contractors and partners, as well as an argument for increasing prices.
Khaled al-Anany, the first Minister of Antiquities and Tourism, has recently signed a resolution setting the minimum nightly rate at hotels in Egypt. The Minister’s decision came after consulting with the Egyptian Tourism Federation on standardizing hotel rates. The rate for four-star hotels will be set at US $28, or its equivalent, and the minimum nightly fee for a hotel room in a five-star establishment will be US $40, or its equivalent in foreign currency.