Hotel Occupancy Increased in Egypt's Red Sea Resorts Of Sharm el-Sheikh And Hurghada During First Six Months Of 2021, Says Tourism Official
Hotel occupancy increased to 35%-40% in Egypt's Red Sea resorts of Sharm el-Sheikh and Hurghada during the first six months of the year from 20%-23% a year earlier, a tourism official has said.
In the capital, Cairo, hotel occupancy rose to approximately 45%, from 27% in the first half of 2020, the official told Reuters.
An Important Source Of Foreign Revenue
Tourism is an important source of foreign revenue and contributes up to 15% of Egypt's gross domestic product but was brought to a near standstill by the coronavirus pandemic.
Raised Occupancy Limit
The government had placed a 50% occupancy limit on hotels, restaurants and cultural values to counter the spread of COVID-19, but announced earlier this week that it will raise the limit to 70%.