Egyptian hotel market revenue grows 34% y-o-y in 1Q2019

Revenue per available room (RevPAR) growth in Egypt’s hotel market grew 34% during 1Q2019 on the back of “relaxed” travel sentiment, according to a report by Colliers International cited by the local press. RevPAR is forecast to grow by an average 21% through 2019, with hotels in Cairo growing 99%, Alexandria 69%, Hurghada 42%, and Sharm El Sheikh 30%.