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Hotel occupancy on the way up in Egypt

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Hotels in Cairo – and Sharm Al Sheikh – show signs of life

Egypt’s travel and tourism industry is vital for the country’s economy and European countries including Germany and the UK are now lifting the travel warnings they placed on Cairo and the Red Sea resort of Sharm Al Sheikh earlier this year. This is expected to boost tourism to both destinations.

Cairo hotels improved their occupancy during the summer, to 29.3% in July, according to the London-based consultancy Hotstats, but they clearly have a long way to go. This rate may appear extremely low, but it represents an 8.7 percentage-point increase year-on-year.

Its average daily room rate was still the lowest among Abu Dhabi, Dubai, Riyadh and Doha, but it rose marginally by 1% to $114.85, according to Hotstats – almost the same as Abu Dhabi. The gross operating profit per available room in Cairo rose to $16.01 from just $2.83 during the same period last year, Hotstats said.

At least one airline, Kuwait’s Jazeera Airways, reported a rise in passenger numbers to the country during July. It flew 12% more passengers to Cairo, 19% more to Sharm Al Sheikh and 71% more to Sohag in Upper Egypt.

eTN

[pictured: Naama Bay, Sharm el-Sheikh; photo by Marc Ryckaert]

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