Beirut continues to buck trends
More growth expected for Lebanon hotel industry
Beirut has continued to buck the trend for declining hotel occupancy and revenues in the Middle East and tourism in Lebanon is expected to continue to grow, according to the latest Deloitte and STR Global Hotel Survey.
Occupancy and revPAR increased by 69.4% and 125.5% in Beirut during the period year to date June 2009 when compared to 2008.
This is compared to a Middle East average of declines in occupancy of 10.9% and revPAR of 17.2% during the same period.
The significant inflow of tourists to Beirut was attributed to the increased political stability in 2008 and 2009.
Several new hotels are opening this year to meet the growing demand, including Four Seasons Beirut and Le Gray, Beirut.
Commenting on the location for Le Gray, Campbell Gray Hotels chairman Gordon Campbell Gray said: “Beirut was chosen as a destination because first of all I love the city and have felt for many years that its renaissance was imminent .
“It is an exciting place to live and an exciting place to visit and I feel strongly that its time has come again to be one of the most sought after and visited capitals in the world.”