The trend of nights spent at hotels in Egypt from 2013 to 2023 displays a significant decline. In 2023, hotel nights stood at 11.1 million units, representing a cumulative annual growth rate (CAGR) of -11.24% over the past five years, and a notable year-on-year decrease of -13.53% from 2022. Looking further back, there has been consistent contraction from a peak in 2014, with year-on-year variations indicating steady decline.
Forecasts from 2024 onward predict a continued downward trajectory with a staggering forecasted 5-year CAGR of -26.07%, plummeting to 2.03 million units by 2028, which equates to a massive -77.92% reduction between 2023 and 2028.
Future trends to watch for:
- Economic and political stability that could potentially rejuvenate tourism.
- Investments in tourism infrastructure and marketing.
- The impact of global travel trends and pandemic recovery efforts.
