Hotel occupancy rates stabilised in Hurghada and Sharm El-Sheikh during the first week of January settling at 45-50%, according to investors.
Investors said that the two cities are considered to have the highest hotel occupancy rates over the past 20 days due to high booking rates at the beginning of December.
Hisham Ali, head of the South Sinai Investors Association, said that reservations increased occupancy in Sharm El-Sheikh during the last period to 50%.
The head of the Politician Investors Association believes that most guests are Egyptians, because hotel offers attracted primarily Egyptian families to spend the Christmas holiday there.
He expects an influx of foreign tourists to Sharm El-Sheikh during January, in light of the resumption of Germany’s flights to the region, as well as a tourist influx from eastern European countries, especially Poland and the Ukraine.
“We hope the current year will be better in terms of tourist influx coming to Egypt than last year,” the source said.
Inbound tourist traffic to Egypt during 2016 declined to 5.3 million tourists compared to 9.3 million tourists during 2015.
Sharm El-Sheikh accounts for 50% of the total capacity of hotels operating in South Sinai, which represent 69,000 hotel rooms, according to the Egyptian Chamber of Hotels.