Sharm el Sheikh is a LONG way from Tahrir Square.
I'll recap an answer I posted to a similar question a couple of days ago:
Even at the height of the revolution last year things remained calm at the Red Sea resorts. While Cairo "burned" they were still serving cocktails to the sun lounges on the beach at Sharm.
In the current unrest Cairo (particularly Tahrir Square) Alexandria, Suez, Ismailia and Port Said are places where there's trouble. Sharm' has not been mentioned in any news reports (that I've seen). I understand they've increased security in the region as a precaution, but there's not been any unrest linked to the present situation. Be aware that there is a warning against travel outside the resort areas in the southern Sinai peninsula because of a number of kidnappings on the road to St Catherine's Monastery by bedouin tribesmen (although no foreigners have been harmed).
Is it GUARANTEED to remain calm? No. Is it LIKELY to turn nasty? Also no.
If you're worried, call your hotel and ask them for an honest assessment. If you're still not happy about going, ask them if you can re-schedule till another time when it is calmer.
Phil at the safety hub about 5 years ago