Cairo’s hotel market appears to be on track to achieving pre-2011 occupancy levels, says Colliers International’s 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 Sheikh and Hurghada are also expected to stand at 41% and 42%, respectively, while Alexandria is seen reaching a 75% average occupancy.

This comes as the number of tourist visiting Egypt grew 68.4% year-on-year in April to 716K, according to CAPMAS figures which ran in Al Mal. 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%.