83 hotels close doors in Sharm El Sheikh by end of 2015
The number of hotels closing doors in Sharm El Sheikh has reached 83, by end of 2015, according to Ahmed Balbaa, Chairman of Balbaa Group, which owns seven hotels in Sharm El Sheikh and Marsa Alam. The Group has temporarily closed four, which are planned to be reopened as occupancy rates pick up. (Al Borsa)
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