Cairo

Tourism Tattler - - BUSINESS & FINANCE -

In Cairo, oc­cu­pancy raised to above 60% in 2016. The cap­i­tal suc­cess­fully at­tracted new feeder mar­kets such as China and In­dia that are less con­cerned about the se­cu­rity sit­u­a­tion. That off­set the drop in ADR to be­low US$100 although the Egyp­tian Pound has strength­ened against the US Dol­lar. REVPAR is up by 10.7% boosted by oc­cu­pancy. Ho­tel val­ues in­creased by 5.9% bring­ing pos­i­tiv­ity and hope to the coun­try. For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/Egypt_-_Cairo

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