Sharm el-Sheikh, Egypt shows evidence of tourism recovery
STR reported a 23% hike in occupancy in November 2018 compared to the figures in the same period in 2017
Sharm el-Sheikh, Egypt is on track for tourism recovery according to a report by STR.
The report, which analysed the data from November 2018 and the same period in 2017, noted a 23% hike in occupancy in terms of room nights sold to 62.8% in November 2018.
The average daily rate was up by 28.8% compared to 2017 to EGP 1,165.39 (US$65). RevPAR rose by 58.4% to EGP 731.65 ($41).
At the same time, the report stated that a lack of supply growth has helped in hoteliers’ pricing confidence.