The hotel rooms’ supply in Cairo governorate registered 15157 at the end of 2015, marking 7 percent increase, the annual report of the U.S.-based Colliers International stated.
The report stated that this increase was a result of adding new 986 rooms; Nile Ritz Carleton (245 rooms), Kempinski (331 rooms), and Tulip Inn (410 rooms).
The company stated that the occupancy rate in a number of hotels in down-town Cairo has increased by 28 percent in 2015 compared to 2014.
The report pointed out that 75 percent of the hotels In Sharm El-Sheikh are classified as five stars.
Around 54% of the total hotels in Egypt are 5-star hotels, while 37% are 4-star. The remaining 9% are 3-star hotels.
Egypt’s tourism market has witnessed a number of turbulences and a decline in occupancy rates within the last period due to the crash of the Russian plane in Sinai.
On October 31, a Russian plane carrying 224 passengers was on its way back to the city of St. Petersburg from Sharm el-Sheikh when it crashed in Sinai.
Colliers International is global commercial real estate services organization with approximately 16,000 employees in more than 502 offices in 67 countries.
