Tourism revenues creeping up in Lebanon
When measured against the nominal GDP, it accounted for 9.3 percent of the economy’s size in 2012, a share that would slightly drop to 9.0 percent in 2013, as per WTTC.
“This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services, as well as the activities of the restaurant and leisure industries directly supported by tourists,” WTTC said.
It added that direct employment in the tourism industry activities mentioned above would reach 117,500, representing 8.7 percent of total employment in Lebanon this year, down by 2.1 percent from 120,000 jobs (9.0 percent of total employment) in 2012.
The total contribution of travel and tourism to Lebanon’s GDP, including wider effects from investment, the supply chain and induced income impacts was at $11.1 billion in 2012 (25.1 percent of GDP) and is expected to grow by 2.3 percent to $11.4 billion in 2013.