tayyar.org – Restaurant closures loom

The restaurant and café sector in Lebanon is facing its worst downturn in 20 years, due to declining purchasing power, mounting inflationary pressures, and rising operating costs. This has led to a significant decrease in demand and the closure of many establishments. The sector struggles with liquidity shortages, a lack of banking financing, high energy costs, and a decline in spending by expatriates and tourists, all of which threaten continued closures and cause further harm to workers and investors. Additionally, the increase in wages presents a dilemma: on one hand, the need to retain workers, and on the other, the financial pressure that hampers the sustainability of these businesses.

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