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hotels , revenues

Hotel revenues per available room forecasted to grow by 8% between December, February in Cairo: Colliers 

Cairo hotels continued to show a strong performance despite the recent devaluation of the local currency. The continued surge in revenues per available rooms (RevPAR) is a result of the increasing Average Daily Rates (ADR), according to Colliers International’s MENA Hotel Forecasts December 2016 report. Consequently, hotel profitability rates are expected to further enhance. According …

Mohamed Samir

Minister of Tourism Hisham Zaazou  hoped that more tourists will be visiting Upper Egypt, especially the ancient destinations of Luxor and Aswan.
(AFP Photo / Khaled Desouki)

10.5% decrease in tourist arrivals in November: CAPMAS

The number of tourists who travelled to Egypt in November 2016 was 499,800—a 10.5% decline year-over-year (y-o-y), compared to November 2015, according the Central Agency for Public Mobilization and Statistics (CAPMAS). The agency explained in its monthly bulletin on the tourism sector that western Europe sent the largest number of tourists to Egypt, accounting for …

Hossam Mounir

Indonesia Tourism

Indonesia intends to attract tourists from the Middle East

The Indonesian tourism authority of Yogyakarta, affiliated to the Indonesian ministry of tourism, is intending to promote tourism to the city in the Middle East, especially Egypt, at the beginning of 2017. To achieve this plan, the authority is waiting for the approval of the city’s governor. The plan includes visiting Middle Eastern countries and showcasing …

Maydaa El-Nadar

2016 RevPAR performance for resorts in the Red Sea is now on par with the 2015 performance

Revenues increase at hotels in Sharm El-Sheikh, Hurghada: Colliers International

Colliers International, a commercial real estate company, published on Thursday its three-month rolling forecast for November until January 2017. The report marked Cairo and Alexandria as tourism hot spots, explaining that Cairo witnessed a 13% increase in revenues per available rooms (RevPAR) because it is a stable corporate tourism destination. The report added that the …

Hisham Salah