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Tuesday, 18 June 2019

Colliers expects Sharm to top hotel rooms revenue growth this year, still lags in occupancy

Sharm El Sheikh’s revenue per available room (RevPAR) is expected to grow 33% in 2019 ahead of Hurghada (29%), Alexandria (25%) and Cairo (11%), Colliers International said in its MENA Hotel Forecasts reports (pdf). Sharm is still lagging behind other cities as far as occupancy rates are concerned, with a rate of 62%. Alexandria is set to have the highest occupancy rates in 2019 with a rate of about 84%, followed by Cairo (79%), and Hurghada (69%).

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