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Operating a Luxury Hotel in Cairo Is Tricky
Last year, I stayed in Cairo's Sheraton hotel. I spoke with two representatives to learn about the dirty underbelly of running a luxury hotel in Egypt. I asked them:When was the last terrorist act in Cairo?What's hard about running a 5-star hotel that most people don't think about?How can they run a casino when Islam forbids gambling?At 22:00, when the hotel realizes they won't sell out their rooms, why don't they just drop the price to $40 to at least make a little bit of money rather than lose money with the unused inventory? For some background, read my article on…
The skinny
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