Friday, February 3, 2017

Five star hotels gain higher occupancy. Decrease in room rates


The average occupancy rate at Beirut hotels rose one point to 59 percent last year compared to 2015, according to Ernst and Young's 'Benchmark Survey of the Hotel Sector in the Middle East' on the performance of four and five star hotels.

E&Y reported that the average room rate decreased by 15 percent in 2016 reaching $138. The room yield dropped 13 percent to $82.

Beirut Occupancy rates increased although the number of tourists recorded 11 percent increase last year compared to ...

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