Following the positive trend of the last twelve months, the Egyptian markets such as Cairo, Hurghada, Sharm El Sheikh and Alexandria saw an average RevPAR growth of 39% in the first two months of 2019 compared to the same period last year. Travel sentiment from most source markets is now relatively relaxed resulting in a surge in demand. Forecasts for the Egyptian markets continues to be strong. The major Egyptian markets are forecasted to see an average RevPAR growth of 18% in 2019 in comparison to last year.

Abu Dhabi market has experienced healthy performance levels in the first two months of 2019, with Abu Dhabi beach and city hotels experiencing an average RevPAR growth of 12% compared to the same period last year. The beach hotels in Abu Dhabi are forecasted to see an average RevPAR growth of 3% in 2019 in comparison to last year.

Beirut hotel market has seen a growth in RevPAR levels in the first two months of 2019 and is forecasted to see a RevPAR growth of 4% in 2019 (full year). Increase in performance levels can be attributed to the growing number of European tourists. French tourists top the list followed by Germans and British.

© Press Release 2019

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