Cairo hotel occupancy exceeds 70% in 1Q2017 -Colliers International

Occupancy rates in Cairo hotels exceeded 70% in 1Q2017, while they have “constantly slipped over the last two years” in Hurghada and Sharm El Sheikh, according to Colliers International’s quarterly report on Egypt’s hotels (pdf). The report expects occupancy to increase in both Red Sea towns over the course of the year, but says this boost is contingent on the lifting of travel bans and security warnings from European countries. Alexandria, meanwhile, enjoys a “relative stability [that] supports a healthier occupancy performance throughout the year when compared to Egypt’s other coastal destinations.”