Lebanon’s Occupancy Rate Rose to 53% in January 2016

According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s occupancy rate registered 53% in January 2016, up from 50% in January 2015. Among the MENA countries, Lebanon ranked ahead of Jordan and Kuwait, but lost to Bahrain, Dubai, Saudi Arabia, Qatar and Oman. As expected, Dubai remained at the top of MENA countries with an 86.6% rate for the first month of the year.

The biggest winners in the region were Egypt and Bahrain as Cairo’s and Manama’s occupancy rates edged up by yearly 7 p.p. and 9 p.p. to 56% and 54%, respectively. The progress in these countries is mainly attributed to their relatively improving economic and political outlook. Over the same period, the largest downturn in 4 and 5 star hotels’ occupancy rate was recorded in Kuwait, which lost 10 p.p. yearly to 39% followed by Amman with a 9 p.p. yearly decrease to 37% by January 2016.

Back to Lebanon, the occupancy rate increased by 3 percentage points (p.p.) to 53% in the first month of 2016. The Average Room Rate and Revenue per Available Room (RevPar) lost yearly 18.9% and 14.4% to $147 and $79, respectively. Not surprisingly, Dubai’s ADR and RevPar were the highest in the region at $300 and $260 respectively, despite the 8.2% and 9.3% yearly downticks witnessed over the same period.

Lebanon’s Monthly Occupancy Rates

 Lebanon’s Occupancy Rate Rose to 53% in January 2016

Source: EY Middle East Hotel Benchmark Survey

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