Market Reports

This article looks at Lebanon’s hotel and tourism market, and investigates the investment, real estate and lending sectors of the hotel industry as investors, owners, developers, lenders and operators scramble for opportunities in Beirut and beyond.

Approximately 222,000 travelers arrived in Israel last month, a 46% increase compared to the same period last year and the greatest amount of travelers ever to visit Israel in the month of February.

In year-over-year measurements, the industry’s occupancy ended the week with a 5.2-percent increase to 61.4 percent. Average daily rate dropped 1.9 percent to finish the week at US$98.30. Revenue per available room for the week was up 3.2 percent to US$60.39.

In year-over-year measurements, the industry’s occupancy increased 1.7 percent to 58.2 percent. Average daily rate was up 0.3 percent to finish the week at CAD$118.77. Revenue per available room for the week jumped 2.1 percent to CAD$69.14.

The Americas region recorded mixed results in the three key performance metrics when reported in U.S. dollars for February 2010, according to data compiled by STR and STR Global.

Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for February 2010 when reported in U.S. dollars, according to data compiled by STR Global.

The Middle East/Africa region reported increases in all three key measurements for February 2010, when reported in U.S. dollars, according to data compiled by STR Global.

The European hotel industry posted generally favourable results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for February 2010, according to data compiled by STR Global.

The U.S. hotel industry posted mixed results in the three key performance measurements during February 2010, according to data from STR.

PKF-HR is forecasting hotel rooms revenue to grow 10.5 percent on a per-available-room basis (RevPAR) in 2012.