Egypt hotel industry to see 19% rise in revenue per average room –Colliers

Egypt’s hotels saw a 39% y-o-y increase in revenue per average room (RevPAR) in January and February 2019, Colliers International said in a report picked up by Zawya. The research house expects RevPAR to grow by 19% in 2019 on the back of a surge in demand coming from relaxed travel sentiment from most source markets. The press release’s figures built on earlier reports from January which saw hotels’ revenue figures rising by 30%.