Figure of the Week

Airbnb in Lebanon: The Platform Disrupting Traditional Hospitality
Figure of the weekAirbnb in Lebanon: The Platform Disrupting Traditional Hospitality

Airbnb, the California-born success story, has dramatically reshaped the landscape of tourist accommodation worldwide, and Lebanon is no exception. The platform has seen remarkable growth across the country. The steadily increasing number of nightly listings reflects the scale of the phenomenon and is fueling growing concern within the hotel ...

Lebanon Says ‘I Don’t’: Weddings Plunge to Historic Low in 2025
Figure of the weekLebanon Says ‘I Don’t’: Weddings Plunge to Historic Low in 2025

The 2025 wedding season in Lebanon has seen an unprecedented decline, confirming the continued downturn of a sector already weakened in recent years. According to industry professionals, the number of weddings has dropped to just 35% of pre-2019 levels, compared to 50% in 2023 and 40% in 2024. A total decrease of 65% since the beginning of the ...

Tourism: A Core Driver of Lebanon’s Economy
Figure of the weekTourism: A Core Driver of Lebanon’s Economy

In 2024, the travel and tourism sector contributed 19.8% of Lebanon’s GDP, more than double its share in 2023 (8.4%), according to the World Travel & Tourism Council (WTTC). This marks a significant rebound from 2019, when the sector represented 18.9% of GDP, before Lebanon faced a series of overlapping crises. In terms of revenue, the sector ...

From Boom to Bust: Lebanon’s Solar Market Collapses
Figure of the weekFrom Boom to Bust: Lebanon’s Solar Market Collapses

In just a few months, the sun has set on Lebanon’s booming solar panel market. According to customs data, imports dropped by 72% in the first half of 2025 compared to the same period last year. The total value fell to $21 million, down from $75 million in 2024, with volumes shrinking from 34,000 tons to 11,000 tons.   The contrast is even ...

Beirut Port Scans 60 Containers per Hour with AI-Powered Technology
Figure of the weekBeirut Port Scans 60 Containers per Hour with AI-Powered Technology

The Ministry of Finance is accelerating its efforts to modernize Lebanon’s customs operations. With a clear goal of enhancing public revenue collection, a large-scale digital transformation is underway, impacting both the Directorate of Revenues and the Customs Directorate. Key initiatives include the gradual rollout of electronic payment ...

Qaraoun Water Crisis Triggers Hydropower Collapse in Lebanon
Figure of the weekQaraoun Water Crisis Triggers Hydropower Collapse in Lebanon

What began as an environmental emergency is now fueling a national energy crisis. The severe drop in water levels at Lake Qaraoun is crippling Lebanon’s hydroelectric output and threatening power security across the country. In June 2025, hydroelectric production decreased by 76 percent compared to the same month in the previous year. Only 12 ...

Lebanese Arak Makes a Strong Comeback on Global Markets
Figure of the weekLebanese Arak Makes a Strong Comeback on Global Markets

The Lebanese arak industry is enjoying a remarkable revival. In 2024, exports of this iconic spirit reached 980,000 bottles, up from 700,000 in 2016. This represents a nearly 40 percent increase over eight years. In terms of value, the growth is even more impressive, rising from $3.7 million to $6.2 million, an increase of more than 67 ...

2024: A Year of War and Financial Solidarity
Figure of the week2024: A Year of War and Financial Solidarity

Amid ongoing conflict and persistent economic instability, remittances from Lebanese abroad continue to play a vital role in Lebanon’s financial survival. Since 2006, when remittance flows hit a low of $5.72 billion, the volume of money sent back to Lebanon has fluctuated in response to both domestic and global conditions. The highest level ...

The Rise of Lebanese Wine
Figure of the weekThe Rise of Lebanese Wine

Lebanon produces 12 million bottles of wine each year — an impressive figure for a small country, with nearly half exported to around 30 countries worldwide. This vibrant industry generates over $20 million in annual revenue, according to the National Institute of Vine and Wine (INVV). Behind this success is steady, long-term growth: in 2000, ...

$4 Billion: The True Weight of Lebanon’s Agriculture Sector
Figure of the week$4 Billion: The True Weight of Lebanon’s Agriculture Sector

As Lebanon endures a prolonged economic crisis, one figure remains widely overlooked: the country’s agriculture sector generates over $4 billion annually when including the entire value chain: transport, packaging, and agro-food processing. On its own, raw agricultural production is valued at $2.2 billion per year. Strengthening agriculture and ...

Lebanese Eurobonds Drop 13% Amid Regional Tensions
Figure of the weekLebanese Eurobonds Drop 13% Amid Regional Tensions

Lebanese eurobonds, long regarded as one of the most profitable investments in emerging markets in 2024, have sharply declined by 13.15%. This downturn is mainly attributed to the recent outbreak of war between Israel and Iran last Friday, coupled with ongoing stalemates in structural reforms and sovereign debt restructuring. These ...

LBP 44.2 Million for a Basic Food Basket
Figure of the weekLBP 44.2 Million for a Basic Food Basket

According to the World Food Program, the survival food basket has reached LBP 44.2 million, or around $492, an increase of $42 since January. That's how much it now costs for a family of five to cover its basic food needs for a month in Lebanon. This basket, which includes rice, wheat, pulses, oil, sugar, salt and sardines, represents the bare ...