Lebanon’s economic crisis weighs heavy on F&B outlets and hotels

Lebanon’s economic crisis weighs heavy on F&B outlets and hotels

In Lebanon's service-oriented economy, the hospitality and tourism sector is largely considered a beacon of strength.. Bekhazi says that although sales in the F&B sector were higher in December 2019 than they were in October or November, they were still nowhere near what is typical for a December in Lebanon. ". Today, as restaurant owners, we spend most of our day identifying which suppliers take Lebanese lira versus dollar or checks versus cash," Bekhazi says. ". The situation is bleak, but despite this Lebanon's hospitality and tourism sector is still managing to draw on its famed resilience to support some employees in these difficult times.. The main indicator of Lebanon's economic crisis, namely the weakening of the Lebanese lira to the dollar, could also act as a pull for tourists, as a more favorable exchange on the dollar will work to their advantage and increase their purchasing power.. As the sector that has proven the quickest to bounce back after a crisis, the hospitality and tourism sector is best placed in terms of recovery..