{"id":640963,"date":"2017-09-10T04:06:44","date_gmt":"2017-09-10T04:06:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/"},"modified":"2017-09-10T04:06:44","modified_gmt":"2017-09-10T04:06:44","slug":"red-sea-hotel-market-not-recovering-from-effect-of-travel-bans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/","title":{"rendered":"Red Sea hotel market \u201cnot recovering\u201d from effect of travel bans"},"content":{"rendered":"

The hotel market in Red Sea cities is still reeling from the effect of travel bans from <\/strong>European countries, and \u201cdemand has not shown any signs of recovery,\u201d<\/strong> says Colliers International\u2019s latest MENA Hotel Forecasts report (pdf)<\/a> for August-October 2017. \u201cAlthough travel advisories from most traditional source markets have eased, [Hurghada] continues to suffer from a negative security perception impacting tourist arrivals,\u201d according to the report. The report forecasts c. 40% occupancy in Sharm El Sheikh and Hurghada over the coming year \u2014 and a roughly 40% decline in average revenue per room.<\/p>\n

Nonetheless, Egyptian destinations are taking steps to return as hotspots for UK tourists <\/strong>seeking winter sun<\/strong>, Tom Parry writes for TTG<\/a>. Despite the Sharm ban, Thomas Cook is \u201cintent on continuing a healthy programme to Egypt for the UK market, and from November is heading further south down the Red Sea coast to the resort of Marsa Alam. It is also adding capacity to Hurghada.\u201d Philip Breckner, director of operator Discover Egypt, says Thomas Cook\u2019s move is \u201cvery encouraging\u201d and \u201csends a strong message that Egypt is open \u2026 The country has suffered from a misconception that it\u2019s \u2018off limits\u2019 but that\u2019s not at all true. Cairo, Luxor and the Nile Valley are all very much open for business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The hotel market in Red Sea cities is still reeling from the effect of travel bans from European countries, and \u201cdemand has not shown any signs of recovery,\u201d says Colliers International\u2019s latest MENA Hotel Forecasts report (pdf) for August-October 2017. \u201cAlthough travel advisories from most traditional source markets have eased, [Hurghada] continues to suffer from […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640963","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b4a7e684-03d6-4dde-b15a-91b67aa9be6b","order":"0","is_powered_by":true,"section_story_id":"7e8a6b34-3228-4edb-9c03-04a983411c70","story_type":"1","photo_url":"","photo_position":"above","related_issue":[640950],"teaser":"","voice_url":""},"yoast_head":"\nRed Sea hotel market \u201cnot recovering\u201d from effect of travel bans - 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\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red Sea hotel market \u201cnot recovering\u201d from effect of travel bans\" \/>\n<meta property=\"og:description\" content=\"The hotel market in Red Sea cities is still reeling from the effect of travel bans from European countries, and \u201cdemand has not shown any signs of recovery,\u201d says Colliers International\u2019s latest MENA Hotel Forecasts report (pdf) for August-October 2017. \u201cAlthough travel advisories from most traditional source markets have eased, [Hurghada] continues to suffer from […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-10T04:06:44+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\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Red Sea hotel market \u201cnot recovering\u201d from effect of travel bans\",\"datePublished\":\"2017-09-10T04:06:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/red-sea-hotel-market-not-recovering-from-effect-of-travel-bans\/\",\"name\":\"Red Sea hotel market \u201cnot recovering\u201d from effect of travel bans - 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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":652081,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/cairo-average-hotel-room-rates-to-rise-in-2017-sharm-and-hurghada-to-grow-more-attractive-for-budget-vacationers\/","url_meta":{"origin":640963,"position":1},"title":"Cairo average hotel room rates to rise in 2017, Sharm and Hurghada to grow more attractive for budget vacationers","author":"enterpriseam admin","date":"28 February 2017","format":false,"excerpt":"Colliers International\u2019s latest report on Egypt sees good things ahead for Egypt\u2019shospitality sector. Resort towns of Sharm El Sheikh and Hurghada are both expected to see an upswing in occupancy in 2017 as Colliers anticipates travel bans by the UK and Russia will be lifted this year. 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The report expects occupancy to increase in both Red Sea towns over the course of\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":566193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/02\/colliers-ups-outlook-for-red-sea-destinations\/","url_meta":{"origin":640963,"position":3},"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. The real estate services company has upped its full-year hotel occupancy forecasts (pdf) for Sharm El Sheikh and Hurghada. Occupancy in Sharm is forecast at 42% this year, up 81% from 2020, while hotels in Hurghada\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\/6\/407.jpg?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":640963,"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":564003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/","url_meta":{"origin":640963,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640963","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=640963"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640963\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640950"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640963"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640963"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}