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Beirut hotels see occupancy rate fall to 50%

According to Ernst and Young's benchmark survey of the Middle East hotel sector, the average occupancy rate at hotels in the Lebanese capital, Beirut was 50% in the first four months of 2011, compared with 72% in the same period last year, The Daily Star has reported. The average rate per room stood at $203 in the first four months of 2011, ranking the capital's hotels as the 11th most expensive in the region, while the average rate per room fell by 19.5% year-on-year, the steepest decline among all markets in the region, the data showed.