Mostafa Mounir, CEO of the Egyptian Tourism Authority (ETA), announced plans to expand Egypt's hospitality capacity to 300,000 hotel rooms by 2030. The initiative is part of a broader strategy to restructure tourism investment. Efforts target key regions like South Sinai and the Red Sea.
Mostafa Mounir, CEO of the Egyptian Tourism Authority (ETA), spoke at The Investor Conference about the government's prioritization of the tourism sector. He emphasized expanding hotel capacity and maximizing the value of Egypt's unique tourism assets. The Authority is working under clear directives to ensure sustainable growth.
Over the past 35 years, the ETA has added nearly 110,000 hotel rooms and more than 106,000 tourism housing units. These account for about 250,000 units, nearly half of Egypt's total hospitality capacity. Mounir noted that current figures remain below Egypt's true potential.
Reforms focus on converting a portion of the 106,000 underutilized housing units into fully serviced, hotel-managed assets. This shift aims to improve operational efficiency, boost investment returns, and integrate idle inventory into the formal tourism ecosystem. Linking them to international hotel management systems and booking platforms would enhance competitiveness and service quality.
Mounir highlighted that existing infrastructure in tourism development zones supports expansion without substantial new land allocations. Many projects remain incomplete, offering opportunities to increase capacity within current masterplans.