The city was founded in the early 20th century and until recently it stands as a small fishing village. Since the 1980s, it has been continually developed by Egyptian and foreign investors to become the leading coastal resort on the Red Sea. Hurghada stretches for about 36 kilometers (22 mi) along the seashore, and it does not reach far into the surrounding desert. It is known for its resorts, water-sports activities, nightlife and warm weather. With a daily temperature that hovers around 30 °C (86 °F) most of the year and it reaches over 40 °C (104 °F) during July and August this attracts most Europeans for their regular holidays, especially during the Winter season spending their Christmas and New Year holidays in the city.