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Monday, 16 January 2017

Hotels in Cairo, Alexandria to see revenue increases –Colliers

Hotels in Cairo, Alexandria to see revenue increases –Colliers: Hotels in Cairo and Alexandria are some of the “hot spots” Colliers International expects to increase their revenue per available room from December 2016 to February 2017, according to Colliers’ MENA Hotel Forecast. Cairo hotels’ average daily rate is set to average USD 143, up 8%, and Alexandria’s USD 66, up 6%, with respective occupancy rate forecasts of 59% and 68% during the three-month period. Colliers says Cairo’s performance has been growing from the low base of 1Q2016 and that profitability levels are set to strengthen. Hotels in Cairo, Alexandria, Sharm El Sheikh, and Hurghada all saw their Guest Experience Index, a measure of guests’ perception of a property’s quality, improve by 2-3% as of November.

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