Ernst & Young Middle East hotel benchmark survey informs that in H1 2020, hospitality markets in the MENA region witnessed a drop when compared to the same period last year as a result of challenges ... read more
The Lebanese tourism sector, a leading growth driver, took the hit in Q1 2020 as the national protests ongoing since Q4 2019 were coupled with international travel bans following the outbreak of ... read more
Lebanon officially asked the IMF for a financial lifeline on May 01st. The Lebanese government began its negotiations with the International Monetary Fund (IMF) after presenting a detailed financial rescue ... read more
In a regional analysis of the hospitality sector performance presented by Ernst & Young’s Middle East (ME) Hotel Benchmark Survey, key performance indicators (KPIs) of Arab capitals hit unprecedented ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to an all-time low of 28% by February 2020, down from last year’s registered ... read more
The PMI’s predictive power revealed that Lebanon’s GDP growth dipped into negative territory for two consecutive quarters Q1 and Q2 of 2019. That said, the Lebanese economy was already in a recession when ... read more
Q4 2019 witnessed substantial developments in the country which hampered the tourism activity as reflected in our post earlier this week, with the number of airport passengers in 2019 marking its first ... read more
The fourth quarter of 2019 was particularly challenging for Lebanon, both externally and internally, given that October ushered in an open-ended eruption of social rioting across the country which ... read more
The below-zero growth persisted during December 2019 and continued to be driven by November 2019’s sharpest deterioration in the private sector’s health. With a PMI standing at lows of 37 points in ... read more
Preface “This time is different because the shock does not have a limited time span.” Six years after publishing this paper on May 31st 2013, Lebanon is facing its most severe financial and economic ... read more
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