Hotel occupancy rates in Hurghada, Sharm, Alexandria to rise from July-September -Colliers

Hotel occupancy on the rise: Hotel occupancy rates in Sharm El Sheikh, Hurghada, and Alexandria are expected to rise from July to September, Colliers International said in a report on MENA hotels (pdf). The report forecasts hotel occupancy rates in Sharm El Sheikh to 64% during the three-month period on the back of “relatively relaxed” travel advice from most major source markets, “resulting in a surge in international leisure demand.” Occupancy rates in Hurghada and Alexandria are also expected to increase to 70% and 84%, respectively.