News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
26
o
Bekaa
27
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
25
o
North
29
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Nharkom Said
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
26
o
Bekaa
27
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
25
o
North
29
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Lebanon's restaurant institutions have decreased in number since 2019: report
Press Highlights
2023-03-24 | 07:49
High views
Share
Share
2
min
Lebanon's restaurant institutions have decreased in number since 2019: report
The collapse of the Lebanese lira, the "triple-digit" inflation, as the IMF described, and the loss of purchasing power have left many sectors, including the hospitality sector, struggling to find solutions and cope with the ongoing crisis.
The President of the Syndicate of Owners of Restaurants, Cafes, Night-Clubs & Pastries in Lebanon, Tony Ramy, stressed that in 2019 that there were 8,500 restaurant establishments. However, after Lebanon's many crises, including the Beirut Port explosion, the number in 2022 declined to 4,500 institutions.
This article was originally published in, translated from the Arab outlet of Asharq Al-Awsat.
Even if some are constantly crowded, Ramy pointed out via Asharq Al-Awsat newspaper that about 100 restaurant establishments are witnessing demand and are the best and most expensive institutions. In contrast, the rest of the institutions suffer severely, knowing that the sector used to sell 5 billion dollars and is now selling one billion.
He told the newspaper that 5 percent of the Lebanese, consisting of 230,000 families, trade in US dollars, stating that their purchasing power has increased with the collapse of the Lebanese lira, leading to decreasing prices in tourist establishments, as some are pricing in US dollars.
Lebanon News
Press Highlights
Lebanon
Collapse
Lebanese Lira
Inflation
Crisis
Hospitality Sector
Restaurants
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
03:25
PM Mikati praises Macron's call to halt arms shipments to Israel and calls for immediate adherence to ceasefire and Resolution 1701
Lebanon News
03:25
PM Mikati praises Macron's call to halt arms shipments to Israel and calls for immediate adherence to ceasefire and Resolution 1701
0
Lebanon News
14:30
Islamic Health Organization refutes claims of attack on Jiyeh center
Lebanon News
14:30
Islamic Health Organization refutes claims of attack on Jiyeh center
0
Middle East News
2024-10-04
Iran to hit Israeli energy, gas sites if attacked, IRGC deputy commander states
Middle East News
2024-10-04
Iran to hit Israeli energy, gas sites if attacked, IRGC deputy commander states
0
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
Videos
d-none hideMe
0
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
0
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
0
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
0
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
0
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
0
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
0
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
0
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
0
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
2
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
3
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
4
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
5
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
6
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
7
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
8
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More