Market Size of Hospitality Industry In Egypt
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.78 Billion |
| Market Size (2029) | USD 4.65 Billion |
| CAGR (2024 - 2029) | 4.25 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Hospitality Market Analysis
The Hospitality Industry In Egypt Market size is estimated at USD 3.78 billion in 2024, and is expected to reach USD 4.65 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
Due to the diversification of new forms of tourism, e.g., health and wellness, medicine, culture, or leisure travel, the growth in Egypt's tourism sector is creating an incentive for hotel operators to expand their businesses. To attract more extended stays, the operators are focusing on meeting the needs of dynamic customers by implementing various strategies. It includes providing a more authentic experience with a homelike environment, spacious rooms, a fully equipped kitchen, free wireless connection, complimentary breakfast, on-site laundry service, etc. It is anticipated that the inauguration of the Grand Egyptian Museum, expected in the current year, will bring in more tourists to the country.
There is a significant increase in the number of tourists in Egypt compared to global tourism, contributing to the overall growth of the country.
Egypt’s hospitality market is on the rise. It is expected to continue to grow in the years to come as a result of the rapidly increasing tourist demand and higher spending on leisure activities and tourism infrastructure. Tourism is a major contributor to the Egyptian economy. With the launch of many new projects across Cairo and other major Egyptian cities in the previous year, the hospitality sector is expected to continue its strong growth and provide a boost to other real estate sectors.
Egypt's hospitality market has seen strong growth in recent years, driven by the country's rapid tourism recovery after the pandemic. This is largely due to the government and private sector's economic initiatives, such as the introduction of reforms and the creation of new hospitality products / demand drivers. These initiatives, combined with the strong domestic demand, have contributed to a strong market recovery.
