Occupancy rates increase to nearly 40 percent in December

Martin Endjala According to Simonis Storm Securities’ December 2023 hospitality statistics report, the month, characterized by festivities, offered a total of 51,192 rooms, of which 19,942 were occupied, resulting in a nationwide occupancy rate of 38.9 percent. The report indicated that December of the previous year witnessed significant activity in the hospitality sector, with 69 participants across different regions. Coastal areas led in terms of room occupancy during this period, followed by the Southern and Central regions. This trend is attributed to the leisure activities commonly sought during the festive season, as people looked to relax and celebrate the end…