In its 1Q16 review of Cairo’s real estate markets, JLL noted that rate growth for hotels is accelerating. In 1Q15, rate growth had also been accelerating. Total hotel room supply increased from 27,700 keys in 2014 to 28,000 keys in 2015 to 28,000 keys in 1Q16. Additional supply is expected to amount to 1,300 keys through the remainder of this year, with another 300 keys in 2017 and 700 in 2018. Hot topics for the hotel sector include the devaluation of the Egyptian Pound, which has provided a boost to the tourism industry. The government is also promoting cultural tourism in international markets.

Source : JLL/Mar 2016/Cairo/HOT