Colliers International forecasts 13% rise in Hurghada’s hotel occupancy rates in 3Q2018

Hotel occupancy rates in Hurghada are expected to rise 13% y-o-y from June-August 2018 to reach 61%, Colliers International said in a report on MENA hotels (pdf). The report highlights Hurghada as one of the season’s hot spots, saying that “the Red Sea resort continues to benefit from positive security perception and chartered flights from traditional source markets.” Hotel occupancy in Sharm El Sheikh and Alexandria is forecasted at 51% and 81%, respectively.