{"id":564003,"date":"2021-08-02T13:38:10","date_gmt":"2021-08-02T13:38:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/"},"modified":"2021-08-02T13:38:10","modified_gmt":"2021-08-02T13:38:10","slug":"colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/","title":{"rendered":"Colliers hikes hotel occupancy forecasts for Egypt in 2021"},"content":{"rendered":"

Colliers International has upped its full-year hotel occupancy forecast for Egypt <\/strong>in its August report on MENA hotels (pdf)<\/a>, <\/strong>with Cairo, Sharm El Sheikh, and Hurghada all expected to see a jump in occupancy rates over the previous year.<\/p>\n

Let\u2019s start with the resorts: <\/strong>Occupancy rates in Hurghada are expected to rise to 51% this year, up 112% y-o-y \u2014 a 5-point upgrade over Colliers\u2019 July forecast (pdf) and the only city in Colliers\u2019 list of 25 MENA destinations that will see growth more than double. Colliers maintained its forecast for Sharm El-Sheikh occupancy at 43%, up 88% y-o-y. The optimistic outlook in the two Red Sea resorts may be further buoyed bythe wrapping up of Russian health checks<\/a> at their airports, paving the way for direct flights with Russia to resume next week.<\/p>\n

Cairo\u2019s occupancy rates are expected to to reach 49%, <\/strong>up 79% y-o-y, with Colliers upping its projections 5% over its July forecast. Meanwhile, Colliers lowered its projections for Alexandria\u2019s <\/strong>occupancy rate this year to 57% from 58% in last month\u2019s forecast, still a 26% y-o-y bump%.<\/p>\n

What about the rest of MENA?<\/strong> Projections remained more or less stable, with expectations for significant growth in hotel occupancy across the region compared with last year \u2014 unsurprisingly, given the pandemic\u2019s devastating impact on the industry in 2020. The UAE continues to impress, with rates in four Dubai destinations averaging 68%. Mean rates in Saudi Arabia stood at 45%, led by Riyadh at 57%, while the average for Qatar\u2019s Doha recorded 70%. Expectations remained low for Amman at 33%, while Beirut has seen steady improvement to reach 38%, up from 33% predicted in June<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to rise to 51% this […]<\/p>\n","protected":false},"author":1,"featured_media":564004,"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":[10035],"tags":[528,1822,633,955,505,954,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-tourism","tag-aviation","tag-colliers-international","tag-enterprisepm","tag-hospitality","tag-hurghada","tag-sharm-el-sheikh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"967c560f-65e2-46fc-a20a-bcc8d46ecca5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/342.png","photo_position":"above","related_issue":[563994],"teaser":"","voice_url":""},"yoast_head":"\nColliers hikes hotel occupancy forecasts for Egypt in 2021 - 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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colliers hikes hotel occupancy forecasts for Egypt in 2021\" \/>\n<meta property=\"og:description\" content=\"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 to rise to 51% this […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-02T13:38:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Colliers hikes hotel occupancy forecasts for Egypt in 2021\",\"datePublished\":\"2021-08-02T13:38:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=%2C&ssl=1\",\"keywords\":[\"aviation\",\"Colliers International\",\"EnterprisePM\",\"hospitality\",\"Hurghada\",\"Sharm El Sheikh\",\"tourism\"],\"articleSection\":[\"SPEED ROUND: TOURISM\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\",\"name\":\"Colliers hikes hotel occupancy forecasts for Egypt in 2021 - 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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 "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":574804,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/hotel-occupancy-in-egypt-to-rise-next-year-colliers\/","url_meta":{"origin":564003,"position":1},"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 "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":557193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/colliers-still-optimistic-on-egypt-hotel-recovery\/","url_meta":{"origin":564003,"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":564003,"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":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":564003,"position":4},"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 "Speed Round"","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":627674,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/","url_meta":{"origin":564003,"position":5},"title":"Colliers International forecasts rise in Egypt\u2019s hotel occupancy rates in 2Q2018","author":"enterpriseam admin","date":"7 June 2018","format":false,"excerpt":"Hotel occupancy rates in Egypt are expected to rise from April-June 2018, Colliers International said in a report on MENA hotels (pdf). Sharm El Sheikh and Hurghada are expected to see the biggest jump in occupancy rates over the three months, reaching 42% and 55% y-o-y, respectively. Cairo\u2019s occupancy rates\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564003","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=564003"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564003\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/563994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/564004"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564003"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564003"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}