Jeddah five-star hotels have taken first place in the Middle East hospitality sector, measured in terms of occupancy rates and dollars per room, according to a study by the Economic Research Unit at Lebanese bank Credit Libanais.
The study, released earlier this week and based on responses and data from 32 four-star and five-star hotels in Abu Dhabi, Jeddah, Beirut and Cairo in June, shows Jeddah achieving an occupancy rate of 78.2%, followed by Beirut at 64.5%, Abu Dhabi at 60.9% and finally Cairo at 39.2%, the Saudi Gazette reported.
Cairo hotels fared the worst, due to recent political unrest — which is thought to have deterred the usual spate of European visitors to Egypt’s capital city.
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In terms of dollars per room, the Middle East average in June 2011 stood at US $96, with Jeddah hotels showing a 36% positive revenue margin at $168, followed by Beirut at $136, Abu Dhabi at $79 and finally Cairo at $45.
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