Members of the Egyptian Hotel Association and the Ministry of Tourism have denied a news report in Al-Mal newspaper and notes in investment bank Beltone Financial's daily market report that they had set regulations allowing hotels to reduce their prices by 20% to 25% from October 2009 to October 2010, the Daily News Egypt has reported. 'We have an annual pricing strategy. ...There was nothing like this issued,' Hala El-Khatib, secretary general of the Egyptian Hotel Association has said.