Hotel occupancy increases in Egyptian cities Alexandria 5%, Sharm El-Sheikh 1% in Q3 2020: Colliers
Published 25 Nov,2020 via Daily News Egypt - The novel coronavirus (COVID-19) pandemic has continued to impact Egypt’s hotel market through to the third quarter (Q3) of 2020, according to the Colliers International MENA hotels review for the period.
Some markets, such as Alexandria and Sharm El-Sheikh, registered a slightly better performance in Q3 of 2020, recording an increase in hotel occupancy of 5% and 1%, respectively, compared to Q2 of 2020
Colliers said that even with international flights and tourist spots open since the second half (H2) of the year, pick up in key tourism locations has been slow. Hotels have also been operating below 50% capacity, due to the ongoing pandemic.
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Daily News Egypt