Hotel occupancy rates continued to decline in tourist areas of Sharm el-Sheikh and the Red Sea in the end of October following the Russian plane crash.
Experts in tourism say that occupancy rates declined 80 per cent during the first half of November. Neither Arab nor Egyptian tourists were able to compensate for the falling hotel bookings due to the seasonal nature of Arabic and Egyptian tourism.
Hesham Ali, head of the Tourism Investors Association in South Sinai, says that occupancy rates continued to fall to between 20 and 25 per cent in the wake of the Russian plane crash, reports Egypt-based Al Borsa News.
He explains that it is difficult to get further details at the moment, but the decline is particularly due to lower numbers of foreign tourists, especially Russians, who account for up to 50 per cent of the occupancy of Sharm el-Sheikh, followed by the British.