Tourism up but hotels still barely break even

in english/The Daily Star/اقتصاد

Most hotels in Lebanon are barely able to break even despite a slight improvement in the number of visitors this year, the head of the hotel association owners has said. “It is true that the income of our hotels has improved 7 percent this year, but we are still struggling to break even – and many of us are actually losing money,” Pierre Ashkar told The Daily Star Monday. Ashkar, who owns and operates two five-star hotels in Lebanon, including the Monroe Hotel, said the facility had a very good year in 2010…

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