An economic source clarified “that the holiday season in Lebanon was more than good, but rather the best ever compared to the past five years, due to the arrival of large numbers of Arab visitors and Lebanese expatriates. This reality was clearly reflected in hotel occupancy rates and the flourishing of the tourism sector, as restaurants in Beirut and Mount Lebanon operated at full capacity during the last week of the year.”
The source also confirmed “that the market witnessed a noticeable abundance of liquidity among citizens, which greatly contributed to boosting the economic cycle, as commercial stores and markets of all kinds thrived at a very good pace compared to previous years.”
In conclusion, the source stated, “that this upward trend is likely to continue in the coming period, especially with the approach of the holy month of Ramadan and Lent for Christian denominations,” while emphasizing “that all these indicators remain linked to the security situation in Lebanon, especially in light of the repeated Israeli threats to launch a wide-ranging war on Lebanon.”
