Egypt hotel occupancy to reach 45% in 2021: Colliers International

Egypt hotel occupancy to reach 45% in 2021: Colliers International

Published 10 May,2021 via Daily News Egypt - Egypt’s hotel market is expected to see an occupancy rate of 45% in 2021, with a 4.9 percentage point change in Market Movements from previous forecast, according to Colliers International.

The latest data by the company was published in its latest Middle East and North Africa (MENA) Hotels Forecast.

Colliers International projected that Cairo and Alexandria will achieve occupancy rates of 45% and 61% in 2021, respectively. This represents a year-on-year (y-o-y) hike of 66% in Cairo, and 34% in Alexandria.