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Thndr Claps » EGY Claps » Tourism 🏖 » Hotel Room Prices Rise 20-30% in Q3-2021🛌

Hotel Room Prices Rise 20-30% in Q3-2021🛌

by Shams Abbas
November 29, 2021

Hotel room prices in the Red Sea recorded a 20-30% quarterly growth rate in Q3-2021, compared to Q2-2021, according to Al Borsa.

More details🧐 The growth came on the back of an increase in occupancy, which exceeded 90% in Hurghada hotels & 70% in Marsa Alam hotels. Earlier this month, the Ministry of Tourism raised its expected tourist arrivals for 2021 to between 8.5 to 9 million arrivals.

Why is this important🤔 Other things held constant (cc: Omicron), hotel room prices in Egypt are expected to continue rising during the last quarter of 2021 until mid-2022.

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