Colliers tags these Egyptian cities 'hotspots' for tourism

Egypt reported its best first quarter since 2010 with increases in rate as well as occupancy.
Sharm el-Sheikh
Photo credit: Enjoylife2

According to Colliers International’s MENA Hotel Forecasts August 2018 report, the Egyptian cities of Sharm El-Sheikh and Hurghada are "touristic hotspots" with forecasted growth of 18 percent and 13 percent, respectively, in revenue per available room. 

Colliers credits the RevPAR growth to seven months of improved security perception, the return of charter flights and a surge in international leisure demand. Cairo, meanwhile, maintained 9 percent forecasted RevPAR growth in the same period, the report states.

Hotels in Alexandria and Abu Dhabi's beaches, meanwhile, are expected to see only a "limited" increase in RevPAR at 4 percent and 3 percent, respectively. Alexandria’s market has experienced consistent growth in corporate and leisure demand in the past months, the report said, a trend Colliers expects to continue in upcoming months, resulting in a healthy growth in RevPAR. Abu Dhabi beach hotels are benefitting from strong momentum in occupancy and ADR, and Colliers expects the trend  to continue over the next quarter, mostly driven by the leisure segment.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

In contrast, Bahrain’s Manama and the UAE’s Sheikh Zayed Road continue to feel the negative consequences of limited corporate and MICE (meetings, incentives, conventions and events) demand, as well as the growing demand from more price-sensitive markets in Ras al-Khaimah’s case. Manama and Ras al-Khaimah are expected to face 9 percent and 8 percent decline in RevPAR, respectively, during the same period.

Suggested Articles

Aggregate data for the Top 25 Markets showed lower occupancy and average daily rate than all other markets. 

Drawing from within, the company has appointed two new SVPs, a regional VP and a chief accounting officer to drive growth.

The WorldVue Mobile Web Remote and WorldVue Housekeeping App are meant to streamline guest experiences and staff operations.