2014-10-The Lebanese Tourism Sector – Performance Review up to August 2014
7 trillion dollars: That is how much the Travel & Tourism (T&T) contributed to global GDP in 2013. In a world where policymakers are aching to create more jobs, the Travel & Tourism industry employed around 266 million jobs worldwide by the end of last year. The outlook for 2014 also seems promising as some economies shake off recession woes and are ready to spend some more.
The T&T industry is just as important to Lebanon’s economy as it is to the global economy. This industry’s total contribution to Lebanon’s GDP is expected to rise from $8.78B in 2013 to $8.97B in 2014. 255,000 jobs existed in the Lebanese T&T industry in 2013 a figure expected to reach 261,500 in 2014…