Lebanons tourism sector eyes $10 billion revenue despite challenges: report

Lebanons tourism sector eyes $10 billion revenue despite challenges: report

Parliamentary sources that visited the International Monetary Fund (IMF)'s headquarters in the United States consider the primary path for Lebanon towards recovery and access to the international community is in the agreement that must be concluded with the fund, which calls for the implementation of reforms that it has repeated more than once and has not been implemented so far.

However, they consider that the fund is continuing in its negotiations with the government to lend Lebanon $3 billion over four years, even if these negotiations are almost suspended, pending the election of a new president and the launch of the long-awaited recovery plan.

On the other hand, tourism sources support what the President of the Syndicate of Owners of Restaurants, Cafes, Nightclubs, and Pastries in Lebanon, Tony Ramy, said that the tourism sector is preparing to receive more than two million tourists who will spend $10 billion during the current year.

With a simple calculation, the tourism sector will secure $40 billion during the four years if Ramy's expectations are true, on the condition of electing a new president and starting the process of economic advancement in the country, said Addiyar.

This is not strange for Lebanon, as tourism spending last year exceeded