Beirut hotel occupancy in five and four star hotels grew by eight percent last year, compared to 2016, reaching a total rate of 64 percent, according to Ernst & Young's Middle East hotel benchmark survey.
This increase was accompanied by a ten percent growth in the average room rate from $138 in 2016 to $151 last year. Revenues per available room (RevPAR) increased by 17 percent to reach $96. This is considered the highest increase since 2010.
Wadih Kanaan, Secretary General of th...
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