Cairo, Sharm El-Sheikh most likely to grow in MENA tourist destinations: Colliers International

After lifting the travel ban and the improvement in stability in Egypt, the country’s tourism is gradually returning, according to a report by Collier International for global real estate.

The report said that growth rates at Red Sea hotels in Sharm El-Sheikh are increasing, and demand on Cairo hotels in March is gradually going back to the pre-revolution period.

It expects that there would be growth in demand on Cairo hotels during the period from March to May by 58%, while demand on hotels in Sharm El-Sheikh would increase by 29%.

The report expects that occupancies in Cairo will reach 51% during the period from March to May, so that income from one room would reach $64, while occupancies in Sharm El-Sheikh will be at 69%, and the price of a room is $30.