Cairo hotel occupancy rates up 4% y-o-y in 2Q2017 -Colliers International

Occupancy rates in Cairo hotels rose 4% y-o-y in 2Q2017, according to a Colliers International report picked up by TradeArabia. The majority of hotels opening in the city are in the five-star category, including Steigenberger El Tahrir, Westin Cairo Golf Resort, and the recently revamped Sheraton in Dokki. Sharm El Sheikh occupancy rates are also on an upward trajectory as demand increases both domestically and from Arab countries. The report expects occupancy in Hurghada and Alexandria to also see a rise over the coming period, “but much slower compared to Cairo and Sharm El Sheikh.”