Car rental office in Beirut, Friday, Aug. 8, 2014. (The Daily Star/Mahmoud Kheir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Lebanese expatriates have once again proven to be the real soldiers of the economy, saving many car rental companies from going out of business this summer season.Most of the car rental companies interviewed by The Daily Star reported full bookings on their vehicles, with 90 percent of demand coming from Lebanese expatriates, and only 10 percent from foreigners.Hashem said that 90 percent of demand for vehicles at Formula came from Lebanese expats, and despite a small number of cancellations that took place following the clashes in Arsal, demand was high.Similarly, a representative for Avis said that demand was mostly coming from Lebanese expats.The deterioration in the security situation during the past few years has unfortunately resulted in the summer season being shortened for these companies.Younes said that most of the demand witnessed nowadays at Halal came from Lebanese expats, but he added that following Arsal clashes, his company had witnessed a 40 percent drop in business.
Lebanon will benefit from Brexit ... at first
World Bank expects slow Lebanese GDP growth
BSE privatization waiting on govt: Salameh
FOLLOW THIS ARTICLE