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Investors note rising hotel occupancy and tourism from Cairo
Domestic tourism in Egypt experienced a strong revival during this summer. Hotel and resort occupancy rates in coastal cities such as Alexandria, North Coast, Marsa Matruh, New Edges, and Ras El Bar increased due to a heatwave that exceeded 42°C, prompting citizens to escape the heat by heading to areas close to Cairo. This coincided with the end of school and university exams, further boosting demand for hotel stays, especially in Sharm El Sheikh and Hurghada, where some hotels offered discounted rates to attract Egyptian tourists. The Egyptian tourism sector aims to reach 20 million tourists by the end of 2026. Hotel occupancy rates in the Red Sea and South Sinai regions are expected to reach 80% during the summer, although these figures are still lower than last year's rates. It is anticipated that declining geopolitical tensions and improved air travel will enhance tourism in the coming period, with increased demand for visits to coastal areas near Cairo.
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