We've been to Egypt about 10 times in the last few years , (sharm, taba and luxor ) but had made no plans to visit this year and have already booked alternative places, and to be honest i'm quite relieved that we haven't booked egypt this year, its a great place and lovely people but the current unrest worries me and obviously it's worrying a lot of people who are due to go there. I think that people who have booked red sea resorts face a difficult choice as the situation will have an effect on their holiday like food and fuel supplies , yet the FO is not advising against travel to these resorts, so the travel operators are not obliged to refund or amend your booking, so i do feel sorry for everyone in this trap and i know that i would be unhappy if i was facing this problem.
One good point that travel operators have made clear , is that Sharm is 8 hours by road from Cairo , and they keep re-iterating this , and they are playing up this point , but usually the reps of the same travel operators try to keep this unique selling point quiet when trying to sell their "must see" day trips to Cairo.