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Asharq Al-Awsat
Asharq Al-Awsat
Business
Beirut - Paula Astih

Lebanon’s Tourism Season Attracts $5 Billion

A billboard welcoming tourists is seen along the airport road in Beirut on June 22, 2022. ANWAR AMRO/AFP via Getty Images

Lebanon’s summer season constituted a lifeline for the country that has been stricken by an unprecedented economic and financial collapse since 2019. While reliance on the completion of an agreement with the International Monetary Fund (IMF) would extend the state’s finances by about $3 billion, the tourism sector was able during the past few months to secure around $5 billion to the economic cycle.

Minister of Tourism in the caretaker government Walid Nassar said that more than 1.5 million tourists visited Lebanon during the summer season, which continues until the end of September.

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