Hotelier Middle East – May 2019

EXPERT ANALYSTS

Colliers International Hotels

Colliers International Hotels division is a global network of specialist consultants for the hotel, report, marina, golf, leisure and spa sectors. The network is dedicated to providing

strategic advisory services to owners, developers and government institutions to extract the best possible venues, projects and assets.

EXPERT ANALYSTS

Following the positive trend of the

last twelve months, the Egyptian

markets such as Cairo, Hurghada,

Sharm El Sheikh and Alexandria

saw an average RevPAR growth of

39% in the first two months of 2019

compared to the same period last

year. Travel sentiment from most

source markets is now relatively

relaxed resulting in a surge in

demand. Forecasts for the Egyptian

markets continues to be strong.

The major Egyptian markets are

forecast to see an average RevPAR

growth of 18% in 2019 compared to

last year.

The Abu Dhabi market has experi-

enced healthy performance levels in

the first two months of 2019, with

Abu Dhabi beach and city hotels

experiencing an average RevPAR

growth of 12% compared to the

same period last year. The beach

hotels in Abu Dhabi are forecast to

see an average RevPAR growth of 3%

in 2019 in comparison to last year.

Beirut hotel market has seen

a growth in RevPAR levels in the

first two months of 2019 and is

forecasted to see a RevPAR growth

of 4% in 2019 (full year). Increase

in performance levels can be at-

tributed to the growing number of

European tourists. French tourists

top the list followed by Germans

and British.

MENA HOTEL FORECASTS

Expert

analysis

MARCH 2019 EDITION

Christopher Lund, Colliers

International MENA,

head of hotels.

HOTELIER MIDDLE EAST | May 2019 | Volume 18 Issue 05

The Egyptian market‘s average RevPar growth was 39% for the first two months of 2019

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