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Bahrain hotel sector to see $10bn investments

Bahrain hotel sector to see $10bn investments
Photo Credit: Arabianeye-Reuters

Mubasher: The hotel and restaurant segment in Bahrain will be endorsed by the establishment of 15 new five- and four-star hotels as well as beachfront resorts worth $10 billion during the coming five years.

The hotel sector has recently witnessed robust growth at a rate of 3%, according to figures released in the latest Bahrain Economic Quarterly (BEQ) by the Bahrain Economic Development Board (EDB).

The new hotels are expected to add to Bahrain’s existing portfolio of over 190 hotels and resorts. 

“Bahrain showed strong growth in tourist numbers in 2016, witnessing a 6% increase in the number of tourist arrivals, receiving 12.2 million. Bahrain is a regional hub for tourism, with over 300 million people within two hours flight, of which the majority are regional visitors travelling from within the GCC,” according to chief executive of Bahrain EDB Khalid Al Rumaihi.