Although Hurghada has undergone development since the nineteen eighties, it is only really during the last decade that there has been substantial growth. It has become a thriving resort with over 200 hotels, although many holiday makers choose to rent one of the numerous luxury apartments. Nearly 2 million tourists visited the resort in 2008, and this number is increasing steadily each year. It is essentially a year round resort, although the busiest seasons tend to be from September to November, and March until May.
A large attraction of Hurghada is that it has excellent amenities, but property here is a lot cheaper than the rival resort of Sharm el Sheikh. It remains to be seen how long this situation will continue, as the resort is still being developed and is increasing in popularity. The biggest attraction of Hurghada is of course the Red Sea, and the majority of tourists will come to take part in the numerous watersports offered here.
Tourism is the main industry in Hurghada, but a number of people are employed in construction, mining and fishing. A lot of people living in the resort are foreigners who come here, fallen under its spell, and never left. Most work in real estate and tourism, or have local businesses. Property investment in this resort has become more prevalent over the last few years, and the recent resolution of some of the property disputes which have been rumbling on for the past few months are bound to give this region a boost. Most of the buyers in Hurghada are British, German or Russian, and newly built compounds just outside the city are proving increasingly popular as many come with private beach access.
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