Hotel occupancy in Beirut nosedives in 2007, remains lowest in region
Average rate per room declines by 19 percent year-on-year
Daily Star staff
Monday, April 21, 2008
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The occupancy rate in Beirut hotels was 35 percent in 2007, down from 50 percent in 2006, said the benchmark annual survey of the Middle East hotel sector by Ernst & Young, as reported by Byblos Bank's Lebanon This Week. The occupancy rate in Beirut was the lowest among 19 markets in the region in 2007, as it was in the previous year.
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