Beirut's hotel industry reported sharp RevPAR declines

Tuesday, August 28, 2012 - “When measured in local currency, Beirut (Lebanon) reported sharp RevPAR declines (-39.2 percent) for July 2012 compared to last year as the Syrian crisis has deterred travellers to neighbouring Lebanon”,said Elizabeth Randall Winkle, managing director of STR Global. “July is the first month that average room rates and occupancy declined by around 20 percent”.

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