Egypt set to exceed 215,000 hotel rooms by end of 2021

National Bank of Egypt head offices, the St. Regis Cairo hotel and Hilton Cairo World Trade Center Residences are seen towering above residential buildings in the downtown Cairo, Egypt, May 6, 2018.
Getty Images/Mohamed Abd El GhanyEgypt’s hotel capacity currently stands at 205,000 rooms and is set to exceed 215,000 rooms by the end of 2021, an increase of 4.8 percent.
Assistant Minister of Tourism and Antiquities for the Control of Hotel and Tourist Establishments Abdel Fattah Al-Assi said that the average tourist occupancy in hotels at the beginning of 2021 until mid-February was about 50 percent, compared to about 80 percent during the same period last year before the coronavirus pandemic took hold.
Egypt allowed the resumption of international tourism at the beginning of July 2020 in three governorates — the Red Sea, South Sinai and Matrouh — after initially halting all operations in mid-March 2020.
A source said that the number of hotels that had obtained permits to receive tourists had reached 725 fixed properties and 75 floating hotels in Luxor and Aswan.
The source also said, “the occupancy in Hurghada is better than Sharm El Sheikh, in light of the high percentage of local tourism from Egyptians who prefer it to any other area.”
Reuters reported in January that Egypt’s tourism revenues in 2020 decreased 70 percent to $4 billion, as the number of travelers to the country fell from 13.1 million in 2019 to 3.5 million last year. Tourism accounts for about 15 percent of Egypt’s GDP.
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