Cairo achieved occupancy levels above 70% in the first quarter of 2017, the highest since 2007, and occupancy is expected to increase further as consumer confidence returns to the city on account of government efforts, according to the report. As for Alexandria, supply is expected to remain constant in 2017 and 2018 as forthcoming developments face delays, Colliers International said. The Alexandrian hotels market is less prone to seasonality fluctuations due to the diverse market segments it caters, and because it is mainly a domestic and Gulf Cooperation Council (GCC) driven market. 2017 is expected to see demand levels increase as travel bans are lifted and the destination is perceived as even more affordable due to the Egyptian pound devaluation. The destination is expecting higher occupancy levels with the lifting of flight bans.

Source: Daily News Egypt May 25, 2017 05:19 UTC