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Lebanon's summer tourism sector suffers blow amid regional uncertainty

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Lebanon's summer tourism sector suffers blow amid regional uncertainty

2026-08-17 16:58 Last Updated At:08-18 11:59

Lebanon's tourism sector is facing a bleak summer as uncertainty continues to hang over the region, with the specter of war and an escalating security situation dealing a heavy blow to the travel industry.

The country would normally be entering its peak tourist season in August, but that has once again been overshadowed by regional tensions this year amid ongoing conflicts close to home. With no resolution in sight, the risk of flight cancellations has also prompted many international tourists and Lebanese travelers to postpone or completely cancel their plans.

At the iconic Pigeon Rocks in Beirut, the seaside promenade would normally be packed with tourists from Gulf countries and Europe, as well as Lebanese expatriates returning home for summer vacation.

But with the lingering conflict between Israel and Hezbollah, the bustling summer scenes of the past are nowhere to be seen.

According to official statistics from Lebanon, the indirect economic losses from a standstill in tourism, catering, and hotel businesses amount to approximately 35 million U.S. dollars per day. Additionally, by the end of July, the average hotel occupancy rate in Beirut stood at just 40 percent.

"This summer has been significantly affected by the ongoing regional tensions. So the instability has impacted travel decisions, especially on international markets," said Francis Moubarak, general manager of Raouche Arjaan by Rotana, a 4-star hotel in front of the Pigeon Rocks.

Flight uncertainty is another major risk facing tourists. Although commercial flights have gradually resumed operations since early July, the volatile regional situation means flights could be canceled again at any time.

Despite the difficulties it faces, Lebanon's Minister of Tourism Laura Lahoud said the country remains a popular destination for international tourists thanks to its unique tourism resources. Local industry insiders, however, have stressed that only lasting stability can restore the confidence of travelers.

"For international tourism to recover fully, the key factors, I believe, are the regional stability, restoration of regular flight schedules and increased confidence among travelers," said Moubarak.

Lebanon's summer tourism sector suffers blow amid regional uncertainty

Lebanon's summer tourism sector suffers blow amid regional uncertainty

China's appropriately accommodative monetary policy continued to deliver results in the third quarter, while the quality and effect of financial sector serving the real economy continued to improve, said the third-quarter monetary policy report released by the People's Bank of China (PBOC) on Wednesday.

The PBOC, China's central bank, said in the report that the country's credit structure continued to optimize in the third quarter.

At the end of September, loans to the technology, green, inclusive finance, elderly care and digital economy sectors grew 12.0 percent, 13.0 percent, 6.5 percent, 16.2 percent and 15.7 percent year on year, respectively, all continuing to outpace overall loan growth.

Financing costs across the economy remained low, the report showed, with new corporate loans in September carrying rates slightly below 3.0 percent and new personal housing loans around three percent.

The yuan exchange rate remained basically stable at a reasonable and balanced level. At the end of September, the yuan closed at 6.7053 per U.S. dollar, appreciating 4.1 percent from the end of 2025.

Looking ahead, the PBOC said it will continue to implement the appropriately accommodative monetary policy, comprehensively use and adjust monetary policy tools as appropriate, and guide the growth of social financing and money supply to match economic growth and the expected target for overall prices.

The central bank will seek to create a suitable monetary and financial environment for stable economic growth, high-quality development and the smooth operation of financial markets.

Appropriately accommodative monetary policy continues to deliver results in Q3: Central Bank

Appropriately accommodative monetary policy continues to deliver results in Q3: Central Bank

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