{"id":576488,"date":"2020-11-25T04:14:11","date_gmt":"2020-11-25T04:14:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/"},"modified":"2020-11-25T04:14:11","modified_gmt":"2020-11-25T04:14:11","slug":"hotel-occupancy-rates-fall-sharply-due-to-pandemic","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/","title":{"rendered":"Hotel occupancy rates fall sharply due to pandemic"},"content":{"rendered":"

<\/a> Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year<\/strong> amid the pandemic-induced slump in tourism, according to Colliers International\u2019s MENA Hotels Quarterly review (pdf)<\/a>. Hurghada and Sharm El Sheikh\u2019s occupancy rates have also fallen 57% and 55% year-to-date. Alexandria was the least affected of the Egyptian cities, but still saw occupancy rates falling 47% y-o-y. World Tourism Organization figures<\/a> have shown that tourist arrivals to Egypt dropped 62.3% y-o-y in 1H2020 while tourism receipts plunged 90.4% in 2Q2020 when the sector was brought to a standstill after the government suspended international flights.<\/p>\n

The restoration of flights hasn\u2019t been a panacea:<\/strong> Weak occupancy rates continued into the third quarter despite airlines around the world resuming flights to Egypt. Alexandria and Sharm El Sheikh saw slightly better performance from 2Q, posting increases of 5% and 1% respectively, but remained significantly lower than the same quarter last year, Colliers said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year amid the pandemic-induced slump in tourism, according to Colliers International\u2019s MENA Hotels Quarterly review (pdf). Hurghada and Sharm El Sheikh\u2019s occupancy rates have also fallen 57% and 55% year-to-date. Alexandria was the least affected of the Egyptian cities, but still saw occupancy rates […]<\/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":[8572],"tags":[107,72,955,2380,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576488","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-covid-19","tag-enterpriseam","tag-hospitality","tag-speed-round","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"7c629b26-9aba-4694-81db-3ec08e9ea4ab","is_powered_by":true,"section_story_id":"1c53ecf2-df2e-4e9c-a021-4a33f539d850","story_type":"1","photo_url":"","photo_position":"above","related_issue":[576475],"teaser":"","voice_url":""},"yoast_head":"\nHotel occupancy rates fall sharply due to pandemic - 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\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotel occupancy rates fall sharply due to pandemic\" \/>\n<meta property=\"og:description\" content=\"Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year amid the pandemic-induced slump in tourism, according to Colliers International\u2019s MENA Hotels Quarterly review (pdf). Hurghada and Sharm El Sheikh\u2019s occupancy rates have also fallen 57% and 55% year-to-date. Alexandria was the least affected of the Egyptian cities, but still saw occupancy rates […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T04:14:11+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\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Hotel occupancy rates fall sharply due to pandemic\",\"datePublished\":\"2020-11-25T04:14:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"covid-19\",\"EnterpriseAM\",\"hospitality\",\"SPEED ROUND\",\"tourism\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/25\/hotel-occupancy-rates-fall-sharply-due-to-pandemic\/\",\"name\":\"Hotel occupancy rates fall sharply due to pandemic - 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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)\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\/2\/61.jpg?fit=%2C&ssl=1&resize=350%2C200","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":576488,"position":2},"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 "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\/8\/342.png?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":576488,"position":3},"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":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":576488,"position":4},"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":576488,"position":5},"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. 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