According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s occupancy rate improved from 40% in March 2014 to 54% in March 2015 as a result of the Arabnet Beirut Conference 2015, the largest event for digital creative sectors and as a result of the ongoing political stability. The average room rate grew from $142 in March 2014 to $167 in March 2015. The higher average room rate led to the rise in the room yields from $57 in March 2014 to $91 in March 2015.
Despite the monthly improvement, the Beirut occupancy rate remained at the bottom of the Middle Eastern list, ranking only one spot above Cairo city’s occupancy rate of 45%. Low occupancy rates of 55% in the city of Manama, Bahrain and of 58% in the city of Amman were also registered in March.
The highest occupancy rate of 89% was registered in the city of Madina in Saudi Arabia while Dubai came in close second with an occupancy rate of 87.6%.
Occupancy Rate of Beirut Hotels
Source: E&Y Middle East Hotel Benchmark Survey