JLL: Cairo hotel occupancy rate up to 53% in 1Q15
Jones Lang LaSalle IP Inc. noted in its Cairo Real Estate Market Overview for 1Q15 that the hotel occupancy rate has been 53%, up from 35% in the p.c.p. ADRs were 2% higher at USD104. The number of foreign tourist arrivals in March was 33% higher than in the same month of 2014. The government thinks that, for the year as a whole, arrivals will be up 20% thanks to political and economic stability. Supply of rooms is expected to rise by 623 in the rest of 2015 and to remain unchanged through 2016.
Source : 31 March 2015/JLL/Cairo/HOT