I certainly agree with your comments concerning the rentability of front line beach property, like in Sahl & El Gouna. Hotel prices may be cheap and they are good for getting people to 'discover Egypt' but after that most people prefer to be in their own rented property where you do exactly as you like and eat when and where you like. Also at peak periods hotel rooms in the better resorts can be scarce as many people found in Hurghada last month!!
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