$1.5 billion in investments for Lebanese tourism sector

The total investment in the Lebanese hotel sector reached $1.5 billion, including $500 million that was spent on qualifying existing hotels and for establishing new ones that provided 55,000 hotel rooms.

This came in a statement issued by the union of Lebanese hotel owners.

The statement said that $1 billion was spent on projects under implementation to add 5,000 new rooms to be ready for the period from the year 2000 and 2002.

The statement also pointed to the existence of 5,000 tourist rooms that were not repaired after the end of the civil war due to the lack of necessary financing.