Despite the rise in the number of European tourists, the number of Gulf visitors, specifically Iraqi and Saudi incomers continues to fall which is negatively affecting the hotels’ occupancy Rate in ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate fell yearly by 1.8 percentage points (p.p) to 63.6% by September 2018, compared to the same period last year. ... read more
The Lebanese tourism sector is a key driver of economic growth and job-creation. While real estate and construction constituted 19.2% of Lebanon’s Gross Domestic Product (GDP) as per CAS, tourism’s total ... read more
According to Global Blue, tourist spending in Lebanon added 5.41% by Q3 2018, compared to Q3 2017. The rise can be linked to the 3.88% yearly increase in tourist arrivals to 1.51M by Sept. 2018. The number ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate fell to 62.6% in the first 8 months of 2018, compared to 64.3% registered during the same period last year. The ... read more
The latest data by the Ministry of Tourism revealed that the number of tourist arrivals to Lebanon increased by 3.88% year-on-year (y-o-y) in Q3 2018 to settle at 1.51M. However, the rise remains ... read more
According to Kafalat, the number of issued loan guarantees stood at 282 guarantees by September 2018, recording a yearly decline of 37.33% in the same period of 2017. The overall value of the guarantees ... read more
Abstract A lot of questions are being asked in these past few months on “where the Lebanese economy is headed; or how critical is it this time?”, given the prolonged political impasse still ongoing which ... read more
The Lebanese hospitality and tourism sectors have been going through rough times since 2011. According to the latest report published by Ernst & Young, Beirut’s hotel occupancy fell to 61% by July ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy fell to 58.9% during the first half of 2018, compared to 61.9% registered during the same period last year. In ... read more
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