Egypt’s occupancy rates expected to rise significantly in five years, Colliers says

Hotel occupancy rates across Egypt are expected to rise significantly as the hotel sector stabilizes over the next five years, Colliers International’s Christopher Lind said at the Cityscape Egypt Conference, according to Daily News Egypt. The company foresees Cairo occupancy to increase to 69%, while Hurghada’s occupany is expected to reach 61%. Sharm El Sheikh’s occupancy is projected to hit 51%, while Alexandria will see an occupancy increase to 71%.