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Orascom hotel revenue up 30%

Egyptian tourism group Orascom Development Holding said its total preliminary hotel revenue rose 29.6% to 409.2 million Egyptian pounds ($76.63m) in the first half of 2008, reported Reuters. Total hotel revenue in the first six months of 2007 was 315.8 million pounds. The company said the increase came as its occupancy rate improved to 81.4% from 67.9% a year earlier.