Industry expects high winter hotel occupancy in Egypt

Hotel occupancy rates are expected to increase during the winter season across Egypt, industry players expect. Hotels in Cairo, which have been seeing rates of between 60-70%, are expected to witness a 20% increase in rates and a “slight” increase in room prices on the back of higher operating costs, Egyptian Tourism Federation board member Aly Ghanem said. Occupancy during the summer increased by a lower-than-expected 5-10% compared to last year, Ghanem added, noting that most foreign visitors to Egypt are coming from Europe, the Far East, and North and South America.