May 11, 2020 / 7:23 AM / a month ago

BRIEF-Orascom Development Egypt Announces Re-Opening Of El Gouna Hotels As Of May 15

May 11 (Reuters) - ORASCOM DEVELOPMENT EGYPT:

* ANNOUNCES RE-OPENING OF EL GOUNA HOTELS AS OF MAY 15

* PLANS SET TO HAVE ALL HOTELS IN EL GOUNA OPEN FOR BUSINESS BY MAY 21

* WILL ALSO RE-OPEN TABA HEIGHTS HOTELS ON MAY 21, 2020

* HOTELS WILL BE PERMITTED TO OPERATE AT A MAXIMUM CAPACITY OF 25% UNTIL 1 JUNE THEN AT 50% BY JUNE 2020

* SINCE INTERNATIONAL TRAVEL FROM AND TO EGYPT IS STILL CLOSED, WE EXPECT DOMESTIC TRAVEL TO PICK UP

* LOCAL OCCUPANCIES TO INCREASE MORE THAN USUAL IN EL GOUNA Source:(bit.ly/3bkUSPQ) Further company coverage:

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