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Experts point out optimistic economic activity during holidays in Lebanon

Variety

30-12-2022 | 09:44

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Experts point out optimistic economic activity during holidays in Lebanon

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Lebanon is noticing large numbers of Lebanese expatriates and tourists coming from various countries to celebrate the holidays.

Experts have expressed that this year is better in terms of tourism than the three previous years, in which the Lebanese saw one of the harshest socio-economic crises in the country's history.

The flocking of travelers has caused an optimistic economic activity, generating a $1 billion cash boost.

Khaled Nazha, the Vice president of the syndicate of owners of restaurants, nightclubs, cafes, and pastries in Lebanon, reported to Alghad TV, an Egyptian news outlet, that the numbers are encouraging, which will give tourism industries a positive push to continue despite the circumstances.

Adding that out of 80 percent of those going out on New Year's Eve, 20 percent are coming from the Arab world, namely from Iraq, Egypt, and Jordan, as well as Europeans, as renowned Lebanese and regional celebrities will be hosting concerts in celebration of the new year across Lebanon.

Despite all the hardships, Lebanon is rejoicing in its beautiful tourism sector, giving the country a breath of life and an economic boost.

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