Egypt hotel revenue to grow 5-13% this year -Colliers International

Egyptian hotels in Cairo, Alexandria, Sharm El Sheikh and Hurghada will see their average revenue per available room (RevPAR) rise by 5-13% in 2020, according to a Colliers International report picked up by the local press. Sharm El Sheikh will see the highest increase at 13%, Hurghada at 11%, Alexandria at 9%, and Cairo at 5%. The current highest RevPAR is in Cairo at USD 126, while the lowest is in Sharm at USD 54. RevPAR grew 20% across Egypt in 2019, the report said, lower than Collier's estimate of 30%. Egypt has been one of the top-growing tourism markets in the MENA region this year, Colliers International MENA senior manager James Wrenn said last year.