Ashkar: Lebanon’s Hotel Industry Falters

W460

With Lebanon suffering from an unprecedented economic crisis, the head of the hotel owners association Pierre Ashkar said the hotel sector falters as sales slow.

“Most of Lebanon's hotels are currently partially closed, large parts of hotels are shut down,” he told al-Joumhouria.

He said the activity during the festive season was not enough for the sector to survive.

While the head of restaurant owners, Tony el-Rami revealed that “around 500 restaurants in Lebanon have closed their businesses as of December 2019,” warning that the number will likely grow in the as of the beginning of the year.

In addition, a new crisis will emerge related to the import of consumer goods in 2020, said the daily, because a vanishing ability of traders to import goods in light of strict banking procedures and the high prices of the dollar in the parallel market.

SourceNaharnet
Comments 4
Missing cedars 31 December 2019, 15:00

Thanks to the Shia and Iran. Same problems in Iraq, Iran and Lebanon where corruptions prevails.

Thumb doodle-dude 31 December 2019, 15:09

lol@makhria

You are aan entitled commentator probably living in the West. Come back to your country and work and pay taxes.

Missing rabiosa 31 December 2019, 15:19

My suspicion came through most of these so called Rebels are leftist. They've fallen into the class warfare trap so well designed by leftists socialists and communists. Instead of blaming the banks and the rich and industrialist, why don't you blame you corrupt government. You want the government to run everything yet you are against the government. I just don't get these people. yesterday saw that Paula Yacoubian's candidate for PM Halima Kakour in a new conference in the south was completely against privatization. Therein lies the problem. They all want to feed off the tits of th government.

Thumb warrior 01 January 2020, 06:39

"We need a good dictator to clean this failed culture"

Isn't your nassrallah enough?