The Markazia Monroe Hotel may close at the end of this year, compelled by the sharp decline in the number of visitors resulting from repetitive protests in downtown Beirut.
"We have slashed our prices between fifty and sixty percent and despite that, we were unable to attract enough visitors to stay in business," said Pierre Ashkar, Markazia Manager and Head of the Hotel Owners' Syndicate. He said 85 employees will lose their jobs as a result of the closing.
Ashkar explained that ...
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