{"id":563547,"date":"2021-07-07T04:00:06","date_gmt":"2021-07-07T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/hotel-occupancy-rises-in-1h2021\/"},"modified":"2021-07-07T04:00:06","modified_gmt":"2021-07-07T04:00:06","slug":"hotel-occupancy-rises-in-1h2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/hotel-occupancy-rises-in-1h2021\/","title":{"rendered":"Hotel occupancy rises in 1H2021"},"content":{"rendered":"

<\/a> Hotel occupancy rates in key Egyptian holiday destinations rose to 35-40% in the first six <\/strong>months of 2021<\/strong>, Reuters<\/a> reports, citing an unnamed tourism official. Occupancy in Red Sea resorts Sharm El Sheikh and Hurghada almost doubled to 35-40% from 20-23% in the same period a year earlier, while hotels in Cairo operated at 45% capacity, up from 27% last year, the source said.<\/p>\n

Occupancy limits raised:<\/strong> The government yesterday began allowing hotels, restaurants and other non-essential businesses to operate at 70% capacity<\/a>, raising the 50% limit<\/a> that had been in place for a year.<\/p>\n

The recovery is real:<\/strong> Some 3.5 mn tourists<\/a> visited the country during the first six months of the year \u2014 almost the same number of people who visited Egypt in the whole 2020. This brought in revenues worth USD 3.5-4 bn. Tourism is a vital source of hard currency for Egypt and accounts for around 15% of GDP, but the shuttering of the industry due to covid caused revenues to plummet 70% to just USD 4 bn last year.<\/p>\n

The latest figures are in line with forecasts:<\/strong> Colliers International expects average occupancies in Sharm El Sheikh and Hurghada to hit 42% and 46% respectively<\/a> through 2021. Cairo and Alexandria are expected to achieve rates of 44% and 59%.<\/p>\n

The government is also optimistic:<\/strong> Egypt is expecting a 45-60% y-o-y increase in incoming tourists, and is eyeing tourism revenues between USD 6 bn and USD 9 bn<\/a> by the end of 2021.<\/p>\n

But: Some countries continue to see Egypt as a risk. <\/strong>European travel operator TUI yesterday suspended all summer holiday packages<\/a> to Egypt until 31 July due to \u201cuncertainty around travel.\" The UK<\/a> and Morocco<\/a> have put in place a mandatory quarantine for travellers flying in from Egypt, and Saudi Arabia<\/a> has classified the country as a \u201cvery high risk\u201d destination.<\/p>\n

Then there\u2019s Russia<\/strong>, which is taking its sweet time adding its \u201cfinishing touches<\/a>\u201d to plans to resume flights to the Red Sea. We were expecting Russian tourists to start flying into Sharm and Hurghada in June<\/a>, but Russian officials have refused to commit to a timetable.<\/p>\n

A slow vaccine rollout is seen as the biggest threat to domestic tourism<\/strong>, something the government is doing its best to mitigate. While only 7.5% of the eligible people have received a shot of the virus over the past five months, the government is trying to ramp up domestic vaccine production<\/a> and raise this number to 40%<\/a> by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel occupancy rates in key Egyptian holiday destinations rose to 35-40% in the first six months of 2021, Reuters reports, citing an unnamed tourism official. Occupancy in Red Sea resorts Sharm El Sheikh and Hurghada almost doubled to 35-40% from 20-23% in the same period a year earlier, while hotels in Cairo operated at 45% […]<\/p>\n","protected":false},"author":1,"featured_media":563548,"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":[72,955,505,7117,954,238,234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterpriseam","tag-hospitality","tag-hurghada","tag-red-sea","tag-sharm-el-sheikh","tag-tourism","tag-travel","wpautop","entry"],"acf":{"mongo_id":"c7ec3926-8a2f-479c-a6fb-8ad65c2c7227","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/64.jpg","photo_position":"above","related_issue":[563543],"teaser":"","voice_url":""},"yoast_head":"\nHotel occupancy rises in 1H2021 - 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\/07\/07\/hotel-occupancy-rises-in-1h2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotel occupancy rises in 1H2021\" \/>\n<meta property=\"og:description\" content=\"Hotel occupancy rates in key Egyptian holiday destinations rose to 35-40% in the first six months of 2021, Reuters reports, citing an unnamed tourism official. 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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":565847,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/hotel-occupancy-outlook-in-cairo-sharm-on-the-up\/","url_meta":{"origin":563547,"position":1},"title":"Hotel occupancy outlook in Cairo + Sharm on the up","author":"enterpriseam admin","date":"9 May 2021","format":false,"excerpt":"Colliers International has revised upwards its 2021 outlook for hotel occupancy in Cairo and Sharm El Sheikh in its latest monthly MENA hotel forecast (pdf). The real estate services company now sees occupancy in Cairo hitting 45% this year, up 66% from 2020, and hotels in Sharm seeing a 37%\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\/5\/334.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562564,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/hotel-occupancy-rates-decline-in-1q2021-and-you-can-thank-the-high-base-effect\/","url_meta":{"origin":563547,"position":2},"title":"Hotel occupancy rates decline in 1Q2021, and you can thank the high base effect","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"Hotel occupancy rates fell in 1Q2021, with four of Egypt\u2019s tourist hotspots seeing declining figures from the same period last year, according to a Colliers International report (pdf) on hotels in the MENA region.Hotels in Red Sea resorts were the hardest hit: Occupancy rates in Sharm El Sheikh fell 33%\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\/5\/264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/02\/colliers-ups-outlook-for-red-sea-destinations\/","url_meta":{"origin":563547,"position":3},"title":"Colliers ups outlook for Red Sea destinations","author":"enterpriseam admin","date":"2 June 2021","format":false,"excerpt":"Colliers international is now more hopeful about the Red Sea\u2019s tourism prospects for 2021. 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":573813,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/hurghada-tourism-drops-53-y-o-y-in-1h2020-sharm-51\/","url_meta":{"origin":563547,"position":4},"title":"Hurghada tourism drops 53% y-o-y in 1H2020, Sharm 51%","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"Hotel occupancy rates in Hurghada and Sharm El Sheikh nosedived 53% and 51%, respectively, in 1H2020 amid a pandemic-induced slump in tourism, according to a Colliers Internationalreport(pdf). Cairo and Alexandria were less hard-hit than the Red Sea resort towns, with occupancy rates in the capital declining 47% and 46% in\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":644729,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/hotel-occupancy-rates-soar-over-eid-break-2\/","url_meta":{"origin":563547,"position":5},"title":"Hotel occupancy rates soar over Eid break","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"Hotel occupancy rates in Sharm El Sheikh, Hurghada, Alexandria, and the North Coast soared over Eid break, Al Borsa reports. Hotels in Hurghada and Sharm El Sheikh, where visitors were mostly Egyptian and Arab tourists, reported occupancy rates of 60-70% during the break. 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