Cairo’s hospitality industry is back on track

Cairo’s hospitality industry is back on track

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According to EY’s latest Middle East Hotel Benchmark Survey Report, Cairo’s hospitality market observed a rise in all the KPIs. The city witnessed an increase in occupancy by almost eight percent from 65 percent in 2017 to 73 percent in 2018 coupled by a jump in ADR by 10 percent over the same period.

The significant growth in the Cairo’s hospitality sector performance is mainly attributed to the country’s improved political stability, lift of flight bans to Egypt and focused efforts on tourism marketing and campaigns globally.

On the other hand, Muscat’s hospitality market witnessed a 10 percent drop in occupancy year-on-year, the sharpest in the MENA. This resulted in a drop in RevPAR by 28 percent from USD 110 in 2017 to USD 79 in 2018.

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