The head of Al Habtoor Group says his five-star hotels and flagship theme park in Lebanon are losing money as tourists shy away from the country that has been affected by neighbouring Syria's crisis.
Khalaf Al Habtoor, the chairman of the group, one of the UAE's largest family businesses, said occupancy rates were not offsetting costs and he had no plans to re-open the company's amusement park, HabtoorLand, in Beirut.
"We are just making losses. The situation is very bad at the moment, there is no occupancy because of the political situation in Syria and the effects it has had on Lebanon," he said.
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