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FINANCIAL NEWS
Lebanon’s tourism sector remains stable despite odds
25 Jul 2016
(MENAFN) Revenues produced by tourism in 2010 reached USD9bn, whereas the hospitality sector’s contribution to GDP amid the period from 2009 to 2011 reached 12 percent.
Recently, the sector’s direct contribution to GDP is 8 percent, and it rakes in USD3.2bn in revenues, fewer than half what it used in 2010.
Moreover, today tourists from Egypt and Iraq seem to have replaced tourists from the Gulf, they are incomparable since Gulf nationals stayed for a long period in Lebanon.
In addition, tourists from the Gulf used to spend USD5.000 per week in Lebanon, as compared to other nationalities, like Egyptians, that spend almost USD1.000 per week.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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