Cairo

Tourism Tattler - - BUSINESS & FINANCE - For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/Egypt_-_Cairo

In Cairo, oc­cu­pancy in­creased to above 50% whilst ADR re­mained flat. The per­for­mance can be at­trib­uted to the re­turn of in­ter­na­tional vis­i­tors to Egypt af­ter the po­lit­i­cal un­rest of late 2013 and early 2014. Travel re­sult­ing from Eid al-Adha also aided per­for­mance in the mar­ket. Ho­tel val­ues still achieved a re­spectable 18.6% in­crease in 2015, al­though re­main be­low the levels in 2011.

Cairo will ex­pe­ri­ence a slight re­cov­ery. The in­creased demand in cor­po­rate guests from the Mid­dle East and Europe will boost the demand up by 6%. The ho­tels should give pri­or­ity to oc­cu­pancy and the ADR will re­main sta­ble in real terms. 2016 was a re­cov­ery year in Cairo; val­ues shot up to US$78k, the high­est fig­ure ex­pe­ri­enced since 2011.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.