Egypt's hotels forecast to have higher occupancy rates in 2021

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Cairo - Egypt's hotels are expected to witness higher occupancy rates during 2021, according to a recent report by Colliers International.

The hotel occupancy rates are expected to increase by 79% year-on-year (YoY) to 49% in Cairo and by 88% to 43% in Sharm El-Sheikh.

Hotels in Hurghada and Alexandria are projected to have higher occupancy rates by 112% to 51% and by 26% to 57%, respectively.

Source: Mubasher

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