Colliers International
It expected occupancy rates in the Red Sea to increase during 2021, to reach 43 percent in Sharm El Sheikh and 46 percent in Hurghada.
Leading global real estate consultancy corporation Colliers International has over 554 offices worldwide.
Cairo hotels recorded a 17 percent decline YoY in their revenue per available room from June to August 2017.
Hotel occupancy rates in Cairo have recorded the highest level since 2007 in the first quarter of 2017.