{"id":557193,"date":"2021-09-09T03:45:10","date_gmt":"2021-09-09T03:45:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/"},"modified":"2021-09-09T03:45:10","modified_gmt":"2021-09-09T03:45:10","slug":"colliers-still-optimistic-on-egypt-hotel-recovery","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/","title":{"rendered":"Colliers still optimistic on Egypt hotel recovery"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Colliers International <\/strong><strong>maintained its optimistic forecast for Egypt\u2019s hotel<\/strong> <strong>occupancy <\/strong>in its <a href=\"https:\/\/ent.news\/2021\/9\/MENA-Hotel-Forecasts-September-2021-English.pdf\">September report on MENA hotels (pdf)<\/a>. All four Egyptian tourism destinations listed \u2014 Cairo, Sharm El Sheikh, Hurghada and Alexandria \u2014 are expected to witness continued growth in occupancy this year despite some modest revisions in Alexandria and Sharm El Sheikh hotel occupancy for the year.<\/p>\n<p><strong>Occupancy in Sharm is forecast to reach 45% over the year <\/strong>and witness a total 96% occupancy growth y-o-y, marking a 3 percentage point increase in occupancy rates from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/967c560f-65e2-46fc-a20a-bcc8d46ecca5\">Colliers\u2019 August report<\/a>. Hurghada occupancy has been revised downwards by 1 point to a total annual occupancy rate of 50%. Occupancy is still expected to grow by 111% this year despite the slight downward revision from Colliers\u2019 August hotels report.<\/p>\n<p><strong>Cairo figures are looking better than they have in previous months, with occupancy rates expected to reach 52%<\/strong>, up 91% y-o-y and a three-point increase from August\u2019s 49% occupancy projection. In Alexandria, anticipated occupancy rates have remained steady at 57% \u2014 the same figure the organization had estimated for the Mediterranean city last month, which was revised downwards by 1 point from July. Overall, Alexandria is still expected to see a modest 26% growth in hotel occupancy this year.<\/p>\n<p><strong>Bear this in mind: <\/strong>The government had set a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bb3ec4e-133c-4cf4-a351-b54b300e282f\">50% limit<\/a> on hotel occupancy last year as part of its covid-19 precautionary measures, which will have artificially kept rates muted. This was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e610747-1d5b-49ff-a263-f09285820df2\">raised to 70% in July<\/a>, allowing for more growth in the sector.<\/p>\n<p><strong>The tourism industry in Egypt has gotten several major boosts in past months: <\/strong>The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/234df32f-1517-4870-b4dd-a4b8555fb036\">return of direct Russian flights<\/a> to Red Sea resorts last month after a six year hiatus is expected to bring an influx of occupants to Red Sea hotels. The Swiss also followed suit, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c61bc7f3-f8ca-4552-a9ba-621de0ee9591\">resuming<\/a> direct flights to Sharm El Sheikh earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colliers International maintained its optimistic forecast for Egypt\u2019s hotel occupancy in its September report on MENA hotels (pdf). All four Egyptian tourism destinations listed \u2014 Cairo, Sharm El Sheikh, Hurghada and Alexandria \u2014 are expected to witness continued growth in occupancy this year despite some modest revisions in Alexandria and Sharm El Sheikh hotel occupancy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":557194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7377],"tags":[1822,72,505,954,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-colliers-international","tag-enterpriseam","tag-hurghada","tag-sharm-el-sheikh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"b519b28c-47f1-436f-a40f-4a31c3a3ba38","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/122.jpg","photo_position":"above","related_issue":[557182],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Colliers still optimistic on Egypt hotel recovery - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colliers still optimistic on Egypt hotel recovery\" \/>\n<meta property=\"og:description\" content=\"Colliers International maintained its optimistic forecast for Egypt\u2019s hotel occupancy in its September report on MENA hotels (pdf). All four Egyptian tourism destinations listed \u2014 Cairo, Sharm El Sheikh, Hurghada and Alexandria \u2014 are expected to witness continued growth in occupancy this year despite some modest revisions in Alexandria and Sharm El Sheikh hotel occupancy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-09T03:45:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/122.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Colliers still optimistic on Egypt hotel recovery\",\"datePublished\":\"2021-09-09T03:45:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/122.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Colliers International\",\"EnterpriseAM\",\"Hurghada\",\"Sharm El Sheikh\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/\",\"name\":\"Colliers still optimistic on Egypt hotel recovery - 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The market in Sharm El Sheikh is forecasted to grow \u201cfrom the low base of Q1 last year, in\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625844,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/hotel-occupancy-rates-in-hurghada-sharm-alexandria-to-rise-from-july-september-colliers\/","url_meta":{"origin":557193,"position":1},"title":"Hotel occupancy rates in Hurghada, Sharm, Alexandria to rise from July-September -Colliers","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"Hotel occupancy on the rise: Hotel occupancy rates in Sharm El Sheikh, Hurghada, and Alexandria are expected to rise from July to September, Colliers International said in a report on MENA hotels (pdf). The report forecasts hotel occupancy rates in Sharm El Sheikh to 64% during the three-month period on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628858,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/colliers-international-reports-jump-in-1q2018-occupancy-rates\/","url_meta":{"origin":557193,"position":2},"title":"Colliers International reports jump in 1Q2018 occupancy rates","author":"enterpriseam admin","date":"15 May 2018","format":false,"excerpt":"Hotel occupancy rates in Egypt\u2019s main touristic cities rose in 1Q2018 as \u201cEgypt\u2019s tourism industry appears to be on the road to recovery,\u201d Colliers International says in its quarterly review on MENA hotels (pdf). Occupancy soared 44% y-o-y in Sharm El Sheikh, while Hurghada also saw a double-digit y-o-y increase\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574804,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/hotel-occupancy-in-egypt-to-rise-next-year-colliers\/","url_meta":{"origin":557193,"position":3},"title":"Hotel occupancy in Egypt to rise next year -Colliers","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626801,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/colliers-international-forecasts-13-rise-in-hurghadas-hotel-occupancy-rates-in-3q2018\/","url_meta":{"origin":557193,"position":4},"title":"Colliers International forecasts 13% rise in Hurghada\u2019s hotel occupancy rates in 3Q2018","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"Hotel occupancy rates in Hurghada are expected to rise 13% y-o-y from June-August 2018 to reach 61%, Colliers International said in a report on MENA hotels (pdf). The report highlights Hurghada as one of the season\u2019s hot spots, saying that \u201cthe Red Sea resort continues to benefit from positive security\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/","url_meta":{"origin":557193,"position":5},"title":"Colliers hikes hotel occupancy forecasts for Egypt in 2021","author":"enterpriseam admin","date":"2 August 2021","format":false,"excerpt":"Colliers International has upped its full-year hotel occupancy forecast for Egypt in its August report on MENA hotels (pdf), with Cairo, Sharm El Sheikh, and Hurghada all expected to see a jump in occupancy rates over the previous year. Let\u2019s start with the resorts: Occupancy rates in Hurghada are expected\u2026","rel":"","context":"In &quot;SPEED ROUND: TOURISM&quot;","block_context":{"text":"SPEED ROUND: TOURISM","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557193"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557193\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557194"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557193"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557193"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}