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Lebanon tourism sector to drop due to UAE travel ban
(MENAFN) The prohibition on UAE citizens to travel to Lebanon will affect the nation's tourism sector, which comes on the heels of KSA stopping USD 4bn in military aid.
Furthermore, travellers from the UAE and the Arabian Gulf are predicted to prefer destinations in Europe and the Far East over popular destinations in Egypt, Lebanon and Turkey.
However, political pressures expected to have negative impact not only on the economic ties but are also predicted to be harmful for the tourism flow from Gulf counties.
Arabian Gulf tourists were vital to the industry and to the Lebanese economy, while the Gulf government deposits at the Central Bank of Lebanon is almost USD 860mn.
Furthermore, travellers from the UAE and the Arabian Gulf are predicted to prefer destinations in Europe and the Far East over popular destinations in Egypt, Lebanon and Turkey.
However, political pressures expected to have negative impact not only on the economic ties but are also predicted to be harmful for the tourism flow from Gulf counties.
Arabian Gulf tourists were vital to the industry and to the Lebanese economy, while the Gulf government deposits at the Central Bank of Lebanon is almost USD 860mn.
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