{"id":645126,"date":"2017-07-12T04:16:52","date_gmt":"2017-07-12T04:16:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/cairos-hotel-market-on-track-to-pre-2011-levels\/"},"modified":"2017-07-12T04:16:52","modified_gmt":"2017-07-12T04:16:52","slug":"cairos-hotel-market-on-track-to-pre-2011-levels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/cairos-hotel-market-on-track-to-pre-2011-levels\/","title":{"rendered":"Cairo\u2019s hotel market on track to pre-2011 levels"},"content":{"rendered":"

<\/a> Cairo\u2019s hotel market appears to be on track to achieving pre-2011 occupancy levels<\/strong>, says Colliers International\u2019s latest MENA Hotel Forecasts report<\/a> for June-August 2017. Occupancy levels in Cairo are seen rising to a 72% average, despite a 17% year-on-year drop in revenues per available room due to the exchange rate. Occupancy rates for Sharm El Sheikh and Hurghada are also expected to stand at 41% and 42%, respectively, while Alexandria is seen reaching a 75% average occupancy.<\/p>\n

This comes as the number of tourist visiting Egypt grew 68.4% year-on-year in April to 716K<\/strong>, according to CAPMAS figures which ran in Al Mal<\/a>. Visitors from the EU increased 101.5% y-o-y to 270K. German tourists made up the bulk of EU arrivals, with their numbers increasing 40.7% followed by visitors from the UK, whose numbers grew 10.4%, while tourists from Italy increased 9%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cairo\u2019s hotel market appears to be on track to achieving pre-2011 occupancy levels, says Colliers International\u2019s latest MENA Hotel Forecasts report for June-August 2017. Occupancy levels in Cairo are seen rising to a 72% average, despite a 17% year-on-year drop in revenues per available room due to the exchange rate. Occupancy rates for Sharm El […]<\/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-645126","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5f114d9f-8b31-437b-8686-3edcc831b866","order":"0","is_powered_by":true,"section_story_id":"ab2e0559-a55f-4ced-bca1-fbeffb04bf6b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645111],"teaser":"","voice_url":""},"yoast_head":"\nCairo\u2019s hotel market on track to pre-2011 levels - 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\/07\/12\/cairos-hotel-market-on-track-to-pre-2011-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo\u2019s hotel market on track to pre-2011 levels\" \/>\n<meta property=\"og:description\" content=\"Cairo\u2019s hotel market appears to be on track to achieving pre-2011 occupancy levels, says Colliers International\u2019s latest MENA Hotel Forecasts report for June-August 2017. Occupancy levels in Cairo are seen rising to a 72% average, despite a 17% year-on-year drop in revenues per available room due to the exchange rate. 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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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