New Beirut hotels opening at the right time

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The latest hotels in Beirut could not have timed their entrance to the market much better. The new properties in the Lebanese capital are benefitting from the recent upswing in revenue per available room as illustrated by data from STR Global, the leading provider of market information to the global hotel industry. RevPAR for year-to-date June 2010 has averaged US$149.79 compared with US$39.56 for the same period in 2007, the worst performance for a first half of a year since 2005. This RevPAR improvement comes as the result of gains in average room rates.  The openings included Le Gray (87 guestrooms, November 2009), the Arjaan Raouche Beirut (176, December 2009) and the Four Seasons Beirut (230, January 2010). 

At a time when many other Middle Eastern hotel markets still are struggling, Beirut is blossoming as it benefits from newfound political stability following the signing of the Doha Agreement in May 2008 and the endeavours of the ongoing Solidere project that promotes the renewal of the city after its wartime destruction.

In the lead up to the current time of prosperity, the city’s hoteliers have demonstrated sound revenue management by maintaining ADR in the face of declining occupancies. In the turbulent times following the assassination of Prime Minister Rafik Hariri in 2005 and the subsequent Lebanese war of 2006, ADR certainly fluctuated but held remarkably steady in light of weakening demand.

“Hotel performance in Beirut at that time clearly demonstrates that when there is little demand to stimulate, there is no point in dropping rates”, said Elizabeth Randall, managing director of STR Global. 

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15 responses to “New Beirut hotels opening at the right time”

  1. the more hotels the better. good for the economy. now lets gid of hal shakkha called STL so we can function as a country again.

  2. More to the point, of those who decide to become mediators, 80 percent cannot make a living from mediation only activities. One of my mentors once described the practice as “you eat what you kill” and she was right. Aspiring mediators are constantly searching for work, but rarely find it. It takes an estimated five years to develop a decent practice.

  3. More to the point, of those who decide to become mediators, 80 percent cannot make a living from mediation only activities. One of my mentors once described the practice as “you eat what you kill” and she was right. Aspiring mediators are constantly searching for work, but rarely find it. It takes an estimated five years to develop a decent practice.

  4. 5thDrawer Avatar

    How many are they building in Tripoli?  Tyre?  Byblos ??  Zagarta???
    Or in the wonderfully calm and warm Bekaa Valley?

    But I guess if you’re going to have empty rooms you might as well try to reach for Paris prices for them.
    Wonder what the hired help makes …. all three of them.

    1. Patience2 Avatar

      Yes … check in to the Baalbek Hilton and never check out!

  5.  Avatar

    How many are they building in Tripoli?  Tyre?  Byblos ??  Zagarta???
    Or in the wonderfully calm and warm Bekaa Valley?

    1.  Avatar

      Yes … check in to the Baalbek Hilton and never check out!

  6. Mediators who want to be on the court roster usually have to complete a set of requirements to be added to the roster. They must complete a certain number of hours of mediation training and meet specified standards. Many court-connected mediation programs are limited to lawyers.

  7. Mediators who want to be on the court roster usually have to complete a set of requirements to be added to the roster. They must complete a certain number of hours of mediation training and meet specified standards. Many court-connected mediation programs are limited to lawyers.

  8. In case of marital disputes, professional counselling assumes a vital role. The root cause for differences between husband and wife become difficult to find, especially in case of divorce petitions where stereotypical allegations were made, he said. In this scenario, professional counselling becomes vital to unearth the true cause of the dispute and to bring about an amicable solution.

    1. 5thDrawer Avatar

      Divorce … very amicable for the woman beaten every day by the husband. But what does this have to do with hotels?

  9. In case of marital disputes, professional counselling assumes a vital role. The root cause for differences between husband and wife become difficult to find, especially in case of divorce petitions where stereotypical allegations were made, he said. In this scenario, professional counselling becomes vital to unearth the true cause of the dispute and to bring about an amicable solution.

    1.  Avatar

      Divorce … very amicable for the woman beaten every day by the husband.

  10. Arbitration is a true alternative to the civil litigation process. Arbitration provides a means for a dispute to be decided in a binding proceeding. The key difference between litigation and arbitration is that the parties agree to have their dispute decided by an arbitrator or a panel of arbitrators (typically, a panel consists of three arbitrators instead of a judge and jury.

  11. Arbitration is a true alternative to the civil litigation process. Arbitration provides a means for a dispute to be decided in a binding proceeding. The key difference between litigation and arbitration is that the parties agree to have their dispute decided by an arbitrator or a panel of arbitrators (typically, a panel consists of three arbitrators instead of a judge and jury.

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