Wedding season ends with hundreds of millions in losses

Lebanon has experienced a sharp decline in the wedding industry, with drops ranging between 70% and 80% due to war and security crises. This has led to the cancellation of most major weddings and the transformation of many into smaller celebrations or postponements to later dates. The sector traditionally contributed around one billion dollars annually to the Lebanese economy between 2009 and 2019, providing jobs for over 40,000 workers. It includes events costing approximately $25,000 each. All related professions, such as beauty services, decoration, and photography, have been directly affected, with a decrease in bookings and guest numbers. Additionally, displays of extravagance have diminished, and costs for guests have increased, resulting in changed behaviors at weddings and higher expenses for hospitality and services. Security conditions have also reduced the number of weddings held by Lebanese residents within Lebanon and increased the number of celebrations taking place abroad. Many planned weddings in the upcoming months have been postponed. Institutions are facing difficulties in recovering advance payments, prompting the inclusion of new clauses in contracts to address force majeure situations.

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