Egypt’s hospitality market has seen robust growth across the sector driven by the rapid tourism recovery post-pandemic, primarily bolstered by government and private sector economic initiatives, including, but not limited to, the establishment of new reforms and the development of new hospitality products/demand generators. These initiatives, along with strong domestic demand, supported a healthy market recovery. HVS forecasts that the opening of The Grand Egyptian Museum (GEM) later this year will further induce demand to benefit the hospitality industry across the country. We learn more with Ahmad Yousry Elbeheiry MRICS, associate director of HVS Middle East & Africa.
Egypt on the rise
Egypt’s hospitality market has seen robust growth across the sector driven by the rapid tourism recovery post-pandemic, primarily bolstered by government and private sector economic initiatives, including, but not limited to, the establishment of new reforms and the development of new hospitality products/demand generators. These initiatives, along with strong domestic demand, supported a healthy market recovery. HVS forecasts that the opening of The Grand Egyptian Museum (GEM) later this year will further induce demand to benefit the hospitality industry across the country. We learn more with Ahmad Yousry Elbeheiry MRICS, associate director of HVS Middle East & Africa.