Egypt's hotel market reports January revenue growth
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TR Number
Date
2019-03-13
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Journal Title
Journal ISSN
Volume Title
Publisher
Hotel Management
Abstract
According to Colliers International’s February MENA Hotels Forecast, the Egyptian hotel market saw average RevPAR growth of 30 percent in January compared to the same period last year. Colliers explained that the RevPAR growth was driven by both ADR and occupancy rate due to strong corporate, leisure and MICE activities.
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Keywords
Egyptian market, revenue growth, tourism