Research
Cairo Hospitality Market Dynamics, Q3 2024
Summary and analysis of the Cairo's current hospitality real estate market conditions.
October 29, 2024
Contributors:
- Faraz Ahmed
- Zenah Al Saraeji
- Ayman Sami
Around 1,200 keys are expected to add to Cairo’s existing hotel stock of 26,700 keys during the final quarter of the year.
The third quarter was marked by the strong performance of the coastal Egyptian cities with a high influx of domestic and international travellers.
The government is driving tourism growth through strategic infrastructure projects, notably the new monorail system, to enhance traveler experiences and urban connectivity.