Hotels across Egypt will see a rebound in visitors in 2021, Colliers

Hotels across Egypt are set to see a rebound in visitors in 2021 as the effects of the global pandemic begin to ease and international travel increases, according to figures published in a new Colliers report.

The Red Sea resort towns of Hurghada and Sharm El Sheikh will see the biggest resurgence: Room occupancy in Hurghada is forecast to surge 88 percent y-o-y to hit 48 percent, while the rate in Sharm El Sheikh will rise 78 percent to hit a 43 percent occupancy rate.

Alexandria will likely see the most visitors with an occupancy rate of 62 percent over the 12-month period while Cairo will rise a little over 53 percent to achieve a 43 percent occupancy rate.

However, Colliers sees occupancy rates falling as much as 64 percent in 2020 following the three-month suspension of flights in the second quarter and a sluggish rebound in the months since.

Sharm and Hurghada will see the lowest occupancy rates (at 24 percent and 26 percent respectively) while hotels in Cairo will see a 64 percent drop in visitors to achieve 28 percent occupancy while Alexandria will see a rate of 45 percent, down 44 percent from 2019.