Research

The Cairo Real Estate Market - A Year in Review 2022

Sturdy growth sees occupancy rates in Cairo’s hospitality sector jump to 64% in Q4 2022

January 26, 2023
Contributors:
  • Faraz Ahmad
  • Zenah Al Saraeji

Despite the challenging economic environment of 2022, hotels in the capital continued to rebound in Q4. Cairo’s occupancy rate continued to recover in the last quarter with January – November 2022 readings showing an increase to 64%, up from 48% in the corresponding period last year. Over the same period, average daily rates (ADR) jumped by 66% to USD 152, strengthening revenue per available room (RevPar) up by almost 122%, reaching USD 97.

Read our latest Cairo Real Estate Market report to find out more.

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