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MIDDLE EASTERN (B)

Egyptian Tourism Recovery to Continue but Some Destinations Are Not Faring As Well

SharmELSheikh_Nov8.jpg


Colliers International issued its Middle East and North Africa quarterly review for the third quarter of 2018. the report was on KSA, UAE, Kuwait, Bahrain, Jordan, Oman and Egypt.

Colliers said that the Egyptian market recovery continued in q3 2018, with double-digit growth in ADR, with the exception of Cairo.

The coastal cities lead the market in occupancy in Q3 2018, however, Sharm El Sheikh and Hurghada have not achieved the high Y-o-Y gains seen in Q3 2017.

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The coastal cities lead the market in occupancy in Q3 2018, however, Sharm El Sheikh and Hurghada have not achieved the high Y-o-Y gains seen in Q3 2017. (Shutterstock)

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