The June 2019 BLOM Lebanon Purchasing Managers’ Index (PMI) stood at 46.3 in-line with May’s reading, mainly driven by output and new orders indices at less than 44. Meanwhile, economic growth remains ... read more
The latest figures released by Lebanon’s Ministry of Tourism revealed a remarkable growth in the tourism sector in the first five months of 2019, foreshadowing a promising summer season which is usually ... read more
Tourism in Lebanon has been slowly getting back on its feet since the beginning of 2019 partly thanks to a diversification of tourist nationalities, but also to some promising political and economic ... read more
The latest figures released by the Ministry of tourism revealed that the number of tourist arrivals to Lebanon increased by 4.22% year-on-year (y-o-y) by the second month of 2019 to settle at 231,055. The ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate rose by 1.4 percentage points from 63.7% in 2017 to 65.1% in 2018. The average room rate (ARR) of Beirut’s 4 and ... read more
As one of the fastest growing economic sectors in Lebanon, the tourism sector continued its upward trend during 2018. Despite a 9-month governmental void and political uncertainty, tourism in Lebanon ... read more
Abstract The purpose of this study is to present the now-popular 1,274 page McKinsey report in an illustrative, user-friendly, and shorter version that focuses on the key takeaways for Lebanon’s economy ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon, in 2018, displayed a 5.77% year-on-year (y-o-y) progress, where the total number of tourists went up from 1.86M to 1.96M. This ... read more
Given the slow economic conditions in Lebanon, the number of Kafalat loan guarantees slumped yearly by 43.94% by December 2018 to reach 310. Accordingly, the overall value of the guarantees dropped by ... read more
According to Global Blue, tourist spending in Lebanon rose by 10.46% YTD, affecting positively the YTD- year-to-date growth rate that reached 6.45% by December 2017. The number of refund transactions rose ... read more
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