Back to the complete issue
Sunday, 1 April 2018

KPIs in Cairo’s hospitality market improve across the board in 2017, says EY

Cairo’s hospitality market saw all key performance indicators improving in 2017, including a 77.7% y-o-y jump in revenue per available hotel room (RevPAR), Ernst & Young said in its Middle East Hotel Benchmark Survey Report, according to a release. Egypt and Kuwait were the only countries in the region to witness an increase in RevPAR, but Dubai had the highest RevPAR in the Middle East. The report sees Egypt benefiting in the near future from government-led initiatives to boost tourism, including the inauguration of two new airports.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.