Monday, March 11, 2019

Beirut hotel occupancy rates and room yields up. European visitors topped the list last year


Beirut hotel occupancy in five and four star hotels grew 1.4 percentage points last year, compared to 2017, reaching a total rate of 65.1 percent, according to Ernst & Young's Middle East hotel benchmark survey.

Occupancy rates have been on the rise since 2015, registering 58 percent that year, and 59 percent in 2016.

The increase last year was accompanied by a 2.3 percent growth in the average room rate from $184 in 2017 to 188. Revenues per available room (RevPAR) increased by ...

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