KPIs in Cairo’s hospitality market improve across the board in 2017, says EY

Cairo’s hospitality market saw all key performance indicators improving in 2017, including a 77.7% y-o-y jump in revenue per available hotel room (RevPAR), Ernst & Young said in its Middle East Hotel Benchmark Survey Report, according to a release. Egypt and Kuwait were the only countries in the region to witness an increase in RevPAR, but Dubai had the highest RevPAR in the Middle East. The report sees Egypt benefiting in the near future from government-led initiatives to boost tourism, including the inauguration of two new airports.