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Egypt’s hotel market sees average 34% RevPAR growth in Q1 of 2019

Egyptian markets, such as Cairo, Hurghada, Sharm El-Sheikh, and Alexandria, continue to experience strong growth in performance levels, according to the Colliers’ MENA hotel full-year forecast 2019 report. “In the first quarter (Q1) of 2019, these markets saw an average Revenue Per Available Room (RevPAR) growth of 34% compared to the same period last year. …

Daily News Egypt

Third edition of International Media Tournament kicks off today in Hurghada

Under the sponsorship of Bibliotheca Alexandrina (Library of Alexandria), the third edition of International Media Tournament for media persons and journalists will be kicking off starting from Wednesday to Saturday, at the Maritime Sports Club in Hurghada, organised by the Federation of Sports’ Journalists in Lithuania. Seven teams will be participating in the championship. They …

Daily News Egypt

Hilton Hurghada Resort: Hospitality at its best

When travelling, I think that we all have some memories that we cherish, and places that we will never forget. Once you spend an enjoyable time at a nice place, you will not be able to forget its beauty. I think it is also the same with hotels, as no can ever forget a good …

Daily News Egypt

Egypt’s hotel market sees 42% RevPAR growth in 2018

Egyptian hotels in different governorates, such as Cairo, Hurghada, Sharm El Sheikh, and Alexandria saw an average revenue per available rooms (RevPAR) growth of 42% in 2018 compared to 2017, according to Colliers International’s MENA Hotel Forecast for 2019. Colliers said that Egypt’s hotels RevPAR growth is driven by both average daily rates (ADR) and …

Shaimaa Al-Aees

Hurghada, Muscat selected as touristic hotspots with 13%, 8% forecasted growth respectively: Colliers

Hotels in Egypt’s Hurghada and Oman’s Muscat were named touristic hotspots by Colliers International, with a forecasted growth of 13% and 8%, respectively, in revenue per available room (RevPAR), according to Colliers’ MENA Hotel Forecast June 2018 report. The witnessed growth in Hurghada hotels’ RevPAR was boosted by the continuation of a positive perception and …

Mohamed Samir

Sharm El-Sheikh, Hurghada hotels named touristic hotspots; 45%, 31% forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels were named touristic hotspots by Colliers International, with a forecasted growth of 45% and 31% respectively in revenues per available rooms (RevPAR). The surge is a result of an improved security perception and a surge in international leisure demand, according to Colliers’ The MENA Hotel Forecast April 2018 report. On …

Mohamed Samir

New museum coming soon to Hurghada

Minister of Antiquities Khaled El-Anany announced on Friday launching a new museum in Hurghada governorate, according to a press release issued by the ministry. The announcement was made at the inauguration of a sculpture exhibition that marked the end of the International Sculpture Symposium in Hurghada. The symposium was attended by Ahmed Abdullah, governor of …

Daily News Egypt

Sharm, Hurghada hotels maintain touristic hotspot status; 84%, 72% forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels continued to grow from their low performance in the first quarter of 2017, and maintained their status as touristic hotspots with a forecasted growth of 84% and 72% respectively in revenues per available rooms (RevPAR), according to Colliers International’s The MENA Hotel Forecast January 2018 report. The witnessed rebound is …

Mohamed Samir

Sharm, Hurghada hotels marked as touristic hotspots, 97%, 62%, forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels were marked as touristic hotspots with a forecasted growth of 97% and 62%, respectively in revenues per available rooms (RevPAR). The surge is a result of recovering from the effects of the Metrojet incident in 2015, according to Colliers International’s “The MENA Hotel Forecast November 2017” report. Moreover, the report …

Mohamed Samir

Sharm El-Sheikh, Hurghada tourism hotspots in MENA: Colliers International

A forecast conducted by Colliers International for hotels of the Middle East and North Africa (MENA) region, for the three-month period from October to December 2017, has shown that Sharm El-Sheikh and Hurghada are the tourism hotspots of the region in that period. The report mentioned that Sharm El-Sheikh benefitted from higher leisure demand due …

Nihal Samir