{"id":585658,"date":"2023-04-27T00:00:00","date_gmt":"2023-04-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/another-sign-that-more-tourists-are-heading-our-way\/"},"modified":"2023-04-27T00:00:00","modified_gmt":"2023-04-27T00:00:00","slug":"another-sign-that-more-tourists-are-heading-our-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/another-sign-that-more-tourists-are-heading-our-way\/","title":{"rendered":"Another sign that more tourists are heading our way"},"content":{"rendered":"

<\/span>Hotel occupancy in Egypt increased 20-25% y-o-y in 1Q 2023<\/span> thanks to tou<\/span>rist <\/span>inflows from<\/span> new markets<\/span> and the <\/span>depreciation of the EGP<\/a><\/span>, <\/span>Asharq Business<\/a><\/span> reports, citing an unnamed tourism official. <\/span><\/p>\n

In detail:<\/span> Hotels in Cairo hit an 85% occupancy rate during the January-March quarter, followed by Luxor and Aswan (80%), Marsa Alam (70%), Hurghada (65%), and Sharm El Sheikh (55%), according to the source.<\/span><\/p>\n

Tourism revenues are on the rise:<\/span> Revenues climbed m<\/span>ore than 50%<\/span> y-o-y to <\/span>USD 9 bn <\/span>during the first nine months of 2022, according to central bank figures.<\/span><\/p>\n

And they\u2019re expected to grow further this year:<\/span> The Tourism Ministry is expecting to receive a <\/span>record 15 mn tourists<\/a><\/span> this year, up 28% from last year. Fitch Solutions has forecast a lower <\/span>11.6 mn arrivals<\/a><\/span>, though said this would bring in record revenues of USD 13.6 bn. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues are forecast to reach USD 13.6 bn this year<\/p>\n","protected":false},"author":1,"featured_media":585659,"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":[104,72,955,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-economy","tag-enterpriseam","tag-hospitality","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"4156943f-07d8-4045-9a62-bb0ffd576c0d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/874.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt hotel occupancy up 25% in 1Q 2023","related_issue":[585650],"teaser":"Revenues are forecast to reach USD 13.6 bn this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.062791cf-c669-40b9-b793-c2776830d681.mp3"},"yoast_head":"\nAnother sign that more tourists are heading our way - 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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":627820,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/accorhotels-occupancy-rates-in-cairo-exceed-85\/","url_meta":{"origin":585658,"position":1},"title":"AccorHotels occupancy rates in Cairo exceed 85%","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"AccorHotels\u2019 room occupancy rates are up significantly across their properties in Egypt, with rates in Cairo alone exceeding 85%, Managing Director Salah Oumouden tells Al Shorouk. Room bookings for the summer holidays rose 7% y-o-y compared to the same period last year, he added.","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":643136,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/cairo-hotel-occupancy-rates-up-4-y-o-y-in-2q2017-colliers-international\/","url_meta":{"origin":585658,"position":2},"title":"Cairo hotel occupancy rates up 4% y-o-y in 2Q2017 -Colliers International","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"Occupancy rates in Cairo hotels rose 4% y-o-y in 2Q2017, according to a Colliers International report picked up by TradeArabia. The majority of hotels opening in the city are in the five-star category, including Steigenberger El Tahrir, Westin Cairo Golf Resort, and the recently revamped Sheraton in Dokki. Sharm El\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":627674,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/colliers-international-forecasts-rise-in-egypts-hotel-occupancy-rates-in-2q2018\/","url_meta":{"origin":585658,"position":3},"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":[]},{"id":648961,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/hotel-occupancy-rates-up-over-easter-weekend\/","url_meta":{"origin":585658,"position":4},"title":"Hotel occupancy rates up over Easter weekend","author":"enterpriseam admin","date":"18 April 2017","format":false,"excerpt":"Hotel occupancy rates were up over the Easter weekend, with foreigners accounting for most of the boost, tourism industry sources tell Al Shorouk. Cairo hotels saw the biggest increase in occupancy rates, which have driven up room rates by 10-12%, according to Hilton Cairo manager Soha El Torgoman. Sharm El\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":626801,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/colliers-international-forecasts-13-rise-in-hurghadas-hotel-occupancy-rates-in-3q2018\/","url_meta":{"origin":585658,"position":5},"title":"Colliers International forecasts 13% rise in Hurghada\u2019s hotel occupancy rates in 3Q2018","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"Hotel occupancy rates in Hurghada are expected to rise 13% y-o-y from June-August 2018 to reach 61%, Colliers International said in a report on MENA hotels (pdf). The report highlights Hurghada as one of the season\u2019s hot spots, saying that \u201cthe Red Sea resort continues to benefit from positive security\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\/585658","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=585658"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585658\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/585650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/585659"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=585658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=585658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=585658"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=585658"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=585658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}