JLL: Cairo hotel occupancy rate of 57% in 1Q16.

Realopedia Global Real Estate Portal

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