Egypt is ready to control the operations of Airbnb, the favored world home-renting platform, in keeping with Minister of Tourism and Antiquities Sherif Fathy, as reported by Al-Ahram.
In an interview with Asharq Bloomberg on Monday, 23 December, Fathy revealed that upcoming tips would guarantee the security, cleanliness, and total high quality of lodging listed on the platform.
The laws will cowl varied sorts of properties, together with serviced flats, shared houses, and personal rooms.
“To distinguish between permitted and non-approved listings, we plan to introduce an accreditation system for properties that meet the ministry’s requirements,” Fathy acknowledged, including that the rules can be easy and straightforward to implement.
Airbnb’s presence in Egypt aligns with the federal government’s tourism technique, which goals to draw 30 million vacationers yearly by 2028, and increase its hospitality sector, with initiatives like constructing extra lodge rooms and diversifying lodging choices.
The Egyptian authorities plans so as to add round 250,000 new lodge rooms to the present 220,000 nationwide.
To assist these targets, the cupboard of Egypt permitted an EGP 50 billion (USD 982.37 million) initiative in July to construct and function further lodging.
Tourism, certainly one of Egypt’s key sources of international forex, contributed considerably to the financial system in 2023, with 14.9 million guests recorded. Within the first half of 2024 alone, 7.1 million vacationers arrived, highlighting the sector’s continued progress.
Based in 2008, Airbnb operates in over 220 international locations and areas, connecting hosts providing houses, flats, or rooms with travellers searching for lodging. Its rising recognition is predicted to enhance Egypt’s efforts to reinforce its tourism choices.
