Radisson Collection resort expected at Marsa Alam's Port Venice, group says
Industry figures at the Cairo summit named financing and air capacity, rather than demand, as the main obstacles to getting Egypt's planned hotels open.
15 November 2026
A Radisson Collection resort is expected at Port Venice in Marsa Alam, bringing the brand to the area for the first time. Radisson Hotel Group set out its Egyptian plans at a hospitality investment summit in Cairo this month.
The group operates five hotels in Egypt and has eight more under development, and is targeting 30 properties either open or in development in the country by 2030, according to Ayman Ezzedine, its senior director of development for the Middle East, Northeast Africa and Pakistan. No room count or opening date was given for the Marsa Alam resort.
Whether planned projects reach opening is the industry's own open question. In an HVS survey presented at the Future Hospitality Summit in Cairo on 10 and 11 November, 97% of respondents were positive about the sector's outlook over the next three to five years, but 55% named capital constraints such as foreign-exchange risk and the cost of debt as their main concern, and 54% considered Egypt's air capacity inadequate. Reaching the national target of 30 million visitors a year would need about 150 more flight arrivals a day, Radisson's global chief development officer, Elie Younes, said.
HVS cautioned that the findings reflect market sentiment rather than a statistically representative sample, and the report does not disclose how many people took part.