{"id":559762,"date":"2021-02-03T04:14:50","date_gmt":"2021-02-03T04:14:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/hotel-occupancy-falls-60-in-2020\/"},"modified":"2021-02-03T04:14:50","modified_gmt":"2021-02-03T04:14:50","slug":"hotel-occupancy-falls-60-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/hotel-occupancy-falls-60-in-2020\/","title":{"rendered":"Hotel occupancy falls 60% in 2020"},"content":{"rendered":"

<\/a> Look away: The final 2020 figures for Egypt\u2019s hotel industry are in.<\/strong> Hotel occupancy in four of Egypt\u2019s biggest tourist destinations fell almost 60% in 2020 to average just 30% as the covid-19 pandemic brought the country\u2019s tourism sector to a halt. Figures in Colliers International\u2019s latest MENA report (pdf)<\/a> show that the capital\u2019s hotel occupancy rate fell 65% y-o-y in 2020 to average just 27% during the 12-month period. The Red Sea resort towns of Hurghada and Sharm El Sheikh fared even worse, closing out the year with lower rates of 24% and 23% respectively. Room occupancy in Alexandria was the least hit by the pandemic falling 44% to achieve an average occupancy rate of 45% during the year.<\/p>\n

Last year was rough, but the recovery is already underway:<\/strong> After the tourism industry all but shuttered during the second quarter with the suspension of international flights, occupancy rates are forecast to pick up this year<\/a> with the roll-out of covid-19 vaccines, which will help kickstart international travel. Colliers expects Hurghada and Sharm El Sheikh to make the biggest comebacks in room occupancy, surging 88% and 78% respectively over the 12-month period. Alexandria will likely see the most visitors with an occupancy rate of 62% while rates in Cairo could rise by more than 50% to reach 43%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Look away: The final 2020 figures for Egypt\u2019s hotel industry are in. Hotel occupancy in four of Egypt\u2019s biggest tourist destinations fell almost 60% in 2020 to average just 30% as the covid-19 pandemic brought the country\u2019s tourism sector to a halt. Figures in Colliers International\u2019s latest MENA report (pdf) show that the capital\u2019s hotel […]<\/p>\n","protected":false},"author":1,"featured_media":559763,"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":[1822,107,72,955,7117,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-colliers-international","tag-covid-19","tag-enterpriseam","tag-hospitality","tag-red-sea","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"71f3be61-c368-4f17-bb3c-2d24ee12248c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/61.jpg","photo_position":"above","related_issue":[559753],"teaser":"","voice_url":""},"yoast_head":"\nHotel occupancy falls 60% in 2020 - 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\/02\/03\/hotel-occupancy-falls-60-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotel occupancy falls 60% in 2020\" \/>\n<meta property=\"og:description\" content=\"Look away: The final 2020 figures for Egypt\u2019s hotel industry are in. Hotel occupancy in four of Egypt\u2019s biggest tourist destinations fell almost 60% in 2020 to average just 30% as the covid-19 pandemic brought the country\u2019s tourism sector to a halt. 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The real estate services company has upped its full-year hotel occupancy forecasts (pdf) for Sharm El Sheikh and Hurghada. Occupancy in Sharm is forecast at 42% this year, up 81% from 2020, while hotels in Hurghada\u2026","rel":"","context":"In "SPEED ROUND: TOURISM"","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\/6\/407.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/","url_meta":{"origin":559762,"position":2},"title":"Colliers still optimistic on Egypt hotel recovery","author":"enterpriseam admin","date":"9 September 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/122.jpg?fit=%2C&ssl=1&resize=350%2C200","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":559762,"position":3},"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 "Tourism"","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":648088,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/cairo-hotel-occupancy-exceeds-70-in-1q2017-colliers-international\/","url_meta":{"origin":559762,"position":4},"title":"Cairo hotel occupancy exceeds 70% in 1Q2017 -Colliers International","author":"enterpriseam admin","date":"28 May 2017","format":false,"excerpt":"Occupancy rates in Cairo hotels exceeded 70% in 1Q2017, while they have \u201cconstantly slipped over the last two years\u201d in Hurghada and Sharm El Sheikh, according to Colliers International\u2019s quarterly report on Egypt\u2019s hotels (pdf). The report expects occupancy to increase in both Red Sea towns over the course of\u2026","rel":"","context":"In "Tourism"","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":543781,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/occupancy-rates-at-egyptian-hotels-to-rise-by-19-29-this-year-colliers\/","url_meta":{"origin":559762,"position":5},"title":"Occupancy rates at Egyptian hotels to rise by 19-29% this year -Colliers","author":"enterpriseam admin","date":"17 February 2022","format":false,"excerpt":"Colliers International maintained its optimistic forecast for Egypt\u2019s hotel occupancy in its January report on MENA hotels (pdf), with all four of its listed Egyptian destinations \u2014 Cairo, Sharm El Sheikh, Hurghada and Alexandria \u2014 expected to see occupancy rates rise by 19-29% this year compared with 2021.More travelers are\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/246.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559762","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=559762"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559762\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559763"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559762"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559762"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}