Research
Cairo Hospitality Market Dynamics, Q2 2024
Summary and analysis of the Cairo's current hospitality real estate market conditions.
July 18, 2024
Contributors:
- Faraz Ahmed
- Zenah Al Saraeji
- Ayman Sami
A stable hotel stock of 26,700 keys in Cairo was maintained in the second quarter, with several hotels expected to be completed in the remainder of the year, adding around 1,300 keys.
The multiple currency devaluations in Egypt have enhanced its appeal to tourists, attracting interest from operators to expand or enter the hospitality market.
The outlook for the hospitality sector remains positive, supported by strong growth in international tourist arrivals.
