JLL: Cairo hotel occupancy rate of 57% in 1Q16.
In its 1Q16 review of Cairo’s real estate markets, JLL noted that the hotel occupancy rate through the first two months of 2016 had been 57%. In the corresponding period of 2015, it had been 53%. Looking forward, the vacancy rate is expected to rise slightly. The average daily hotel room rate has fallen by 2% from USD104 in early 2015 to USD102 in early 2016. JLL expects that the room rate for hotels will rise over the coming year or so.
Source : JLL/Mar 2016/Cairo/HOT