Middle East hotel occupancy rises to 68.5% in March 2011.

By bne IntelliNews May 11, 2011
The hotel occupancy in the Middle East grew by an average of 1.8pps y/y to 68.5% in March 2011, TradeArabia cited a report of Deloitte and STR Global. Dubai had the highest occupancy of 80.7%, up 5.9pps. Hotels in the emirate managed to increase their occupancy despite the increased supply. Abu Dhabi hotel occupancy registered the highest annual growth to 71.2% in March 2011 from 63% a year earlier. The occupancy rate of hotels in Saudi Arabias tourism city of Jeddah stood at 71.1%, down 1.3pps. Hotels in Oman had a 59.5% occupancy and in Beirut the rate was 47.9%.
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