Hotel occupancy in Egypt to rise next year -Colliers

Hotel occupancy rates in Cairo, Sharm El Sheikh, Hurghada, and Alexandria could rise 43-56% y-o-y in 2021, Colliers International says in its latest MENA hotel forecasts report (pdf). Colliers expects hotel occupancy in the capital to hit 65% next year (up 56% y-o-y), while Sharm El Sheikh occupancy is forecast at 43% in 2021 (up 52% y-o-y), Hurghada is expected to see a 48% hotel occupancy rate (up 53% y-o-y), and Alexandria could see its hotels 62% full (up 44% y-o-y).