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Cairo, Al Khobar selected as touristic hotspots with 15%, 9% forecasted growth respectively: Colliers

Cairo hotels were named touristic hotspots by Colliers International, with a forecasted growth of 15% in revenue per available room (RevPAR). According to Colliers’ the MENA Hotel Forecast May 2018 report. The witnessed increase was driven by occupancy boosted by the growth in the corporate, MICE (meetings, incentives, conventions, and events), and leisure segments. In …

Daily News Egypt

Real estate prices is a mirror for the inflation: Colliers International

Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …

Shaimaa Al-Aees

Alexandria hotel market on track to achieve occupancy levels of pre-geopolitical challenges in 2011: Colliers International

A forecast report conducted by Colliers International for the hotels of the Middle East and North Africa (MENA) for the three-month period from July to September 2017 has expected the Alexandria hotel market to achieve the occupancy level of pre-geopolitical challenges in 2011. The report noted that a drop in revenue per available room (RevPAR) …

Daily News Egypt

Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah

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

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