{"id":604868,"date":"2018-12-16T04:04:04","date_gmt":"2018-12-16T04:04:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/hotel-occupancy-rates-in-cairo-expected-to-rise-7-y-o-y-in-2018-says-colliers\/"},"modified":"2018-12-16T04:04:04","modified_gmt":"2018-12-16T04:04:04","slug":"hotel-occupancy-rates-in-cairo-expected-to-rise-7-y-o-y-in-2018-says-colliers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/hotel-occupancy-rates-in-cairo-expected-to-rise-7-y-o-y-in-2018-says-colliers\/","title":{"rendered":"Hotel occupancy rates in Cairo expected to rise 7% y-o-y in 2018, says Colliers"},"content":{"rendered":"

Hotel occupancy rates in Cairo are expected close 2018 up 7% <\/b>to 70% total occupancy, Colliers International said in its latest report on Cairo\u2019s hospitality market (pdf)<\/a>. Occupancy grew from last year largely on the back of the country\u2019s improved socio-economic climate as it recovers from the effects of the EGP float in late 2016. \u201cThis growth is expected to continue into 2019 bolstered by a number of upcoming government based tourism investments such as the new Grand Egyptian Museum in Giza and the development of Maspero Triangle in Downtown.\u201d Cairo\u2019s largest source market for hotel occupants this year was the GCC, accounting for 55% of the domestic market, followed by local travelers at 23% and Western European tourists, according to the report. \u201cAnecdotal evidence\u201d suggests Chinese tourist arrivals are also on the rise in Egypt and will jump by as much as 95% y-o-y in 2018<\/b>.<\/p>\n

What we\u2019re missing:<\/b> \u201cCairo\u2019s hotel market continues to lack internationally branded economy, midscale and lifestyle hotels. There is a gap in the market to meet demand from millennials who seek differentiated, trendy, yet affordable accommodation.\u201d Colliers also sees that Egypt is not doing enough to carry out \u201cfocused marketing efforts\u201d in China and that hotels in the country are not equipped to cater to these tourists.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hotel occupancy rates in Cairo are expected close 2018 up 7% to 70% total occupancy, Colliers International said in its latest report on Cairo\u2019s hospitality market (pdf). Occupancy grew from last year largely on the back of the country\u2019s improved socio-economic climate as it recovers from the effects of the EGP float in late 2016. 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The company foresees Cairo occupancy to increase to 69%, while Hurghada\u2019s occupany is expected to\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":564003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/","url_meta":{"origin":604868,"position":3},"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":626801,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/colliers-international-forecasts-13-rise-in-hurghadas-hotel-occupancy-rates-in-3q2018\/","url_meta":{"origin":604868,"position":4},"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":[]},{"id":571026,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/colliers-international-sees-egyptian-hotel-occupancy-recovering-in-2021\/","url_meta":{"origin":604868,"position":5},"title":"Colliers International sees Egyptian hotel occupancy recovering in 2021","author":"enterpriseam admin","date":"27 April 2020","format":false,"excerpt":"Hotel occupancy rates in Egypt could bounce back from the covid-19 slump as early as 4Q2020 or the beginning of 2021, Colliers International said in a report (pdf). The real estate services and investment management company sees Cairo hotels leading the country\u2019s recovery next year with projected occupancy rates of\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604868","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=604868"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604868\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604856"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604868"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604868"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}