He expected that the occupancy in Alexandria and the North Coast would reach 95%, while it would be 75% in Ain Sokhna and 70% in Hurghada. Mohy El-Din attributed the high expectations in Alexandria, the North Coast, and Ain Sokhna to their proximity to large residential communities in Cairo. He added that North Coast hotels will record the highest prices in the summer followed by Ain Sokhna at EGP 1,500 per night, then Hurghada and South Sinai. He ruled out a growth in Egyptians flowing to Marsa Allam during the summer, as most Egyptians prefer to go to near coastal areas, whether Ain Sokhna or Alexandria. Hassan pointed out that food and energy prices increased by more than 80% and 50%, respectively, which led to an increase in many hotels’ prices of accommodation, otherwise they would not offer meals.

Source: Daily News Egypt May 30, 2017 14:35 UTC