Hotel occupancy rate reaches 80% in Pakistan
The hospitality industry in Pakistan has seen an incredible boost, with the annual hotel occupancy rate reaching 80 per cent on average compared to the 35 per cent rate before the current calendar year, reports sastaticket.
The recent boost in tourism and hotel occupancy is attributed to a number of factors including improved law and order conditions and socio-economic standings. Also ever since China–Pakistan Economic Corridor (CPEC) has been launched in the country, foreign tourists have flocked to Pakistan and stayed for prolonged duration. This has not only helped increase the occupancy rate of the hospitality industry but has also advanced total tourism revenue.
Improved security conditions in the northern part of the country, which includes areas like Naran, Kaghan, Swat, Murree, and Islamabad. However, businessmen who are coming to Pakistan as a result of new development projects are also making trips to Karachi, Lahore, Islamabad, and Faisalabad thereby contributing positively to the trend.