Hotel occupancy rates stabilised in Hurghada and Sharm El-Sheikh during the first week of January settling at 45-50%, according to investors.
Investors said that the two cities are considered to have the highest hotel occupancy rates over the past 20 days due to high booking rates at the beginning of December.
Hisham Ali, head of the South Sinai Investors Association, said that reservations increased occupancy in Sharm El-Sheikh during the last period to 50%.
The head of the Politician Investors Association believes that most guests are Egyptians, because hotel offers attracted primarily Egyptian families to spend the Christmas holiday there.
He expects an influx …read more
Source: Daily News Egypt