FINANCIAL NEWS

Lebanese hotel occupancy drops

04 Jun 2012

(MENAFN) Hotels outside of Beirut have an occupancy percentage close to zero, reported the Daily Star.

Despite a drop in hotel occupancy outside of the capital, Beirut has actually seen an increase in visitors by 30 percent in 2012.

Pierre Achkar, the Head of the Hotels Association has commented that hotel reservations outside of Beirut have dropped below 50 percent and are completely non existent in some.

Achkar related the surge in Beirut occupancy to a boom in business tourism, and the drop of occupancy in the North to violent clashes in the area.

The increased insecurity in Lebanon caused the GCC to warn against visiting the country by issuing travel warnings to their citizens. The Tourism Minister, Fadi Abboud said that the warnings were too premature and they would damage the Lebanese economy significantly, describing it as an economic siege.

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