14 Hrs
Source:
الكتائب اللبنانية
Lebanon Tourism Faces Low Bookings and Price Increases
The tourism sector in Lebanon is experiencing a volatile situation as the summer season approaches, with bookings having decreased significantly and occupancy rates dropping to the lowest levels, ranging between 2% and 15% in some areas. This decline is due to ongoing security tensions and the economic crisis. Despite substantial price reductions, weak demand—attributed to the lack of security stability and high living costs—continues to threaten the tourist season. It is expected that tourism revenues will fall to two billion dollars or less, compared to approximately seven billion dollars a few years ago. Some tourist establishments, especially those used by displaced persons, are being utilized to compensate for part of the demand shortfall, but the overall situation remains unstable.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)