Pyramisa decides to temporary close two hotels on low occupancy
Pyramisa for Hotels (Pyramisa) has decided to close two hotels for four months starting June 2016, one in Luxor and the other in Aswan. The decision was taken on the back of low occupancy rates in an attempt to limit the losses. The company’s board has also decided to resume construction activities at its planned hotel in Dubai in 3Q16. (Al Borsa)
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