Hotel occupancy rates soar over Eid break

Hotel occupancy rates in Sharm El Sheikh, Hurghada, Alexandria, and the North Coast soared over Eid break, Al Borsa reports. Hotels in Hurghada and Sharm El Sheikh, where visitors were mostly Egyptian and Arab tourists, reported occupancy rates of 60-70% during the break. Meanwhile hotels in the North Coast, whose prices roseby 40% year-on-year, and Alexandria, where prices have risen 50% since the EGP float, were fully booked over the past week.