{"id":567523,"date":"2020-01-26T03:57:37","date_gmt":"2020-01-26T03:57:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/"},"modified":"2020-01-26T03:57:37","modified_gmt":"2020-01-26T03:57:37","slug":"egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/","title":{"rendered":"Egypt hotel revenue to grow 5-13% this year -Colliers International"},"content":{"rendered":"<p>Egyptian hotels in Cairo, Alexandria, Sharm El Sheikh and Hurghada will see their average revenue per available room (RevPAR) rise by 5-13% in 2020, according to a Colliers International report <a href=\"https:\/\/alborsaanews.com\/2020\/01\/22\/1288207\">picked up by the local press.<\/a> Sharm El Sheikh will see the highest increase at 13%, Hurghada at 11%, Alexandria at 9%, and Cairo at 5%. The current highest RevPAR is in Cairo at USD 126, while the lowest is in Sharm at USD 54. RevPAR grew 20% across Egypt in 2019, the report said, lower than <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/egypt-is-a-top-growing-tourism-market-in-the-mena-region-this-year-say-operators-8158\/\">Collier's estimate of 30%.<\/a> Egypt has been one of the top-growing tourism markets in the MENA region this year, Colliers International MENA senior manager James Wrenn said last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian hotels in Cairo, Alexandria, Sharm El Sheikh and Hurghada will see their average revenue per available room (RevPAR) rise by 5-13% in 2020, according to a Colliers International report picked up by the local press. Sharm El Sheikh will see the highest increase at 13%, Hurghada at 11%, Alexandria at 9%, and Cairo at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,505,954,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567523","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-hurghada","tag-sharm-el-sheikh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"aa523544-a3e5-49ac-9c35-16cec6e5627f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567498],"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>Egypt hotel revenue to grow 5-13% this year -Colliers International - 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\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt hotel revenue to grow 5-13% this year -Colliers International\" \/>\n<meta property=\"og:description\" content=\"Egyptian hotels in Cairo, Alexandria, Sharm El Sheikh and Hurghada will see their average revenue per available room (RevPAR) rise by 5-13% in 2020, according to a Colliers International report picked up by the local press. Sharm El Sheikh will see the highest increase at 13%, Hurghada at 11%, Alexandria at 9%, and Cairo at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-26T03:57:37+00:00\" \/>\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\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt hotel revenue to grow 5-13% this year -Colliers International\",\"datePublished\":\"2020-01-26T03:57:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\"},\"wordCount\":117,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Hurghada\",\"Sharm El Sheikh\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypt-hotel-revenue-to-grow-5-13-this-year-colliers-international\/\",\"name\":\"Egypt hotel revenue to grow 5-13% this year -Colliers International - 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RevPAR is forecast to grow by an average 21% through 2019, with hotels in Cairo growing 99%,\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":624831,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/19\/sharm-and-hurghada-to-top-mena-destinations-in-3q2018-colliers\/","url_meta":{"origin":567523,"position":2},"title":"Sharm and Hurghada to top MENA destinations in 3Q2018 -Colliers","author":"enterpriseam admin","date":"19 September 2018","format":false,"excerpt":"Sharm El Sheikh and Hurghada are expected to remain two of the top tourist hotspots in the MENA region in 3Q2018, with revenue per room expected to rise 18% and 13%, respectively during the quarter, according to Colliers International latest forecast. 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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":573813,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/hurghada-tourism-drops-53-y-o-y-in-1h2020-sharm-51\/","url_meta":{"origin":567523,"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 &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":634993,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/sharm-el-sheikh-hurghada-occupancy-rates-expected-to-rise-significantly-in-1q2018-colliers-says\/","url_meta":{"origin":567523,"position":5},"title":"Sharm El Sheikh, Hurghada occupancy rates expected to rise significantly in 1Q2018, Colliers says","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"Hotel occupancy rates in Sharm El Sheikh and Hurghada are expected to rise to 47% and 55%, respectively, during 1Q2018, Colliers International said in its latest MENA Hotels Forecast report (pdf). 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