By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    March 27, 2023
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    March 27, 2023
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    March 27, 2023
    Survivors of Cyclone Freddy in Malawi yearn for fresh start
    Survivors of Cyclone Freddy in Malawi yearn for fresh start
    March 27, 2023
  • Politics
    PoliticsShow More
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    March 27, 2023
    Afghan security forces discover IS weaponry in northern province
    Afghan security forces discover IS weaponry in northern province
    March 27, 2023
    Egypt, EU discuss efforts to tackle illegal migration
    Egypt, EU discuss efforts to tackle illegal migration
    March 27, 2023
    Health Ministry receive over 2 million doses of ‘modified’ Pfizer vaccine for COVID-19
    Health Ministry receive over 2 million doses of ‘modified’ Pfizer vaccine for COVID-19
    March 27, 2023
    Israeli Prime Minister Benjamin Netanyahu fired Defense Minister Yoav Gallant who urged a halt to judicial overhaul
    Israeli PM sacks defence minister who urged a halt to judicial overhaul
    March 27, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: New Year festivity offers glimpse of hope for Lebanon’s crisis-hit hotels
Share
Notification
Latest News
European Commission VP visits Egypt to discuss education, mobility, and migration issues
European Commission VP visits Egypt to discuss education, mobility, and migration issues
Business
Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
Business Interviews
Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Business
Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
Business
US nuclear power plant in central Minnesota taken offline after new leak incident
US nuclear power plant in central Minnesota taken offline after new leak incident
Egypt
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Politics > New Year festivity offers glimpse of hope for Lebanon’s crisis-hit hotels
PoliticsRegion

New Year festivity offers glimpse of hope for Lebanon’s crisis-hit hotels

Xinhua
Last updated: 2021/12/28 at 4:20 PM
By Xinhua 4 Min Read
Share
Lebanon
SHARE

Lebanon’s hotels suffered from a steep decline in occupancy rate over the past year, but the New Year vacation brings a glimpse of hope for the sector as reservations saw a slight increase in the past few days, Pierre Ashkar, head of the Syndicate of Hotel Owners in Lebanon, told Xinhua.

Ashkar said that the monthly average occupancy rate over the past year stood at around 23 percent but reservations in Beirut hotels for the period extending from Dec. 28, 2021 to Jan. 1, 2022 increased to around 50 percent.

   He noted that reservations in the very few hotels in Faraya and Faqra, villages mostly known for their snow slopes, stand at around 75 percent in New Year.

   “Most of the demand on hotel rooms in Beirut and in mountain areas during the festive season come from Lebanese expatriates arriving from the Gulf and African countries,” Ashkar said.

   Ashkar attributes the low occupancy rate in hotels to political instability which forced the United States, Canada and many countries in Europe, to warn their citizens against traveling to Lebanon.

   He added that the diplomatic row with Saudi Arabia deprived Lebanon from Gulf tourists who used to spend at least 15 days in the country while allocating a big budget for spending during the Christmas and New Year festive season.

   “It’s a pity to have lost a big number of tourists from different places,” he said.

   Ashkar noted that the tourism sector used to generate around 10 billion U.S. dollars in yearly revenues which have dropped to 3 billion U.S. dollars in light of political instability and the outbreak of COVID-19.

   “A big number of hotels shut down instead of maintaining their operations and incurring increased losses in the absence of tourists amid the current increase in expenses,” Ashkar said.

   Hotels interviewed by Xinhua reported a steep decline in occupancy throughout the year except for the New Year’s five-day vacation which has seen a recent increase in demand on hotel rooms.

   “We have suffered throughout this past year to be able to register an occupancy rate of 35 percent at our hotel, but demand for rooms during the New Year vacation is acceptable,” Ayman Nasreddine, operations manager at Cavalier Hotel, a four-star hotel in Hamra, told Xinhua.

   “Most of the demand comes from Egyptians at an average room rate at 70 U.S. dollars per night compared to 120 U.S. dollars in the past,” Nasreddine said.

   Likewise, Rami Fakhreddine, head of Front Desk office at 35 Rooms Hotel in Beirut, told Xinhua that most of the demand for New Year at his hotel comes from Egyptians who now find Lebanon an affordable destination given the collapse of the local currency compared to the U.S. dollars.

   “There have also been a lot of packages to Lebanon which saw a great demand by Egyptians,” he said.

   Dalia Doumani, head of reservations at Riviera, a five-star hotel in Beirut, told Xinhua that reservations at her hotel for New Year reached around 60 percent so far and they are expected to go higher in the coming days.

   She noted that even Lebanese expatriates who are paid in U.S. dollars consider prices too high when they convert them into Lebanese pounds in light of the collapse of the local currency which also explains the lower occupancy rates compared to previous years.

You Might Also Like

Somalia says army kills over 3,000 Al-Shabab militants in 6 months

Afghan security forces discover IS weaponry in northern province

Egypt, EU discuss efforts to tackle illegal migration

Health Ministry receive over 2 million doses of ‘modified’ Pfizer vaccine for COVID-19

Israeli PM sacks defence minister who urged a halt to judicial overhaul

TAGGED: Lebanon, new year
Share this Article
Facebook Twitter Email Print
Previous Article sisi As Egypt’s population booms, we need $1trn budget to meet people’s needs: Al-Sisi
Next Article Egypt exerts tremendous efforts to achieve digital transformation: CorporateStack
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

European Commission VP visits Egypt to discuss education, mobility, and migration issues
European Commission VP visits Egypt to discuss education, mobility, and migration issues
Business
Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
Business Interviews
Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Business
Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?