Beirut Hotels Perform Better. WHY?
According to Ernst & Young's benchmark survey of the Middle East hotel sector, the average occupancy rate at hotels in Beirut was 65 percent in first half of 2012,in comparison with 54 percent in the same last year period. Some industry players, however, attribute this improvement to the selection of Lebanon by many organizers as the right venue for international conferences and seminars, amid the unstable situation regionally.
The occupancy rate at Beirut hotels was the 11th highest among 21 markets in the region. The rate was the seventh lowest in the same last year period. Revenues per available room (RevPAR) were $135 in Beirut, up from $112 in the same last year period.
The average rate per room at Beirut hotels was $207, ranking the capital's hotels as the eighth most expensive in the region.
Dubai-Apartments posted the highest occupancy rate at 89 percent.
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STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.