The average occupancy rate of hotels in Beirut, Lebanon, dropped to 55% in the first nine months of 2011, compared with 68% in the same period last year, according to Ernst & Young’s latest survey of the Middle East hotel industry.
According to Lebanon This Week, the city’s occupancy rate was the eighth lowest among 21 markets in the region, a ranking that it also held last year.
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Beirut’s average rate per room was $222 for the first nine months of the year, making the city’s hotels the seventh most expensive in the region, while the average rate per room fell by 15.3% year-on-year.
Revenue per available room was $123 for the first nine months of 2011, down from $179 in the same period last year, while year-on-year revPAR dropped to 31.2%, compared with a fall of 9.8% across the region, reported dailystar.com.
