Hotel growth propels Bahrain economy in Q2

Growth tops 10% in hotels and restaurants in second quarter of 2014

Le Méridien and Westin Bahrain City Centre
Le Méridien and Westin Bahrain City Centre

The hospitality sector was among the major drivers of growth in the Bahrain economy in the second quarter of the year, according to data from a public agency in the country.

Statistics produced by the Bahrain Economic Development Board suggests that the hotels and restaurants sector grew by 10.3% year-on-year, above the average GDP growth of 5.6% across the economy.

While the holy month of Ramadan saw some slowdown, this was more than made up for by a strong influx during the Eid al Fitr holidays,” the Bahrain Economic Quarterly report adds.

Did you like this story?
Click here for more

“The tourism sector in the Kingdom is set to benefit from the launch of a number of important hotel projects as well as renewed expansion by the national carrier.”

The report also highlights the gains posted by the Hotels & Tourism sector on the Bahrain Bourse, with 11% year-to-date gains.

Among the major ongoing hotel developments in the kingdom is the Four Seasons Hotel Bahrain Bay, which is expected to open by the end of the year, and Wyndham Grand Collection Manama, which will be located in the new United Tower.

Earlier this year, a hotel at Bahrain City Centre formerly operated by Kempinski was reflagged under two Starwood brands, Le Meriden and Westin.

For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page.

Most Popular

Newsletter

Reports

Human Capital Report 2017

Human Capital Report 2017

The second annual Hotelier Middle East Human Capital Report is designed to explore the issues, challenges and opportunities facing hospitality professionals responsible for the hotel industry’s most important asset – its people. The report combines the results of Hotelier Middle East's HR Leaders Survey with exclusive interviews with the region's senior human resources directors.

Hotelier Middle East Housekeeping Report 2016

Hotelier Middle East Housekeeping Report 2016

The Hotelier Middle East Housekeeping Report 2016 provides essential business insight into this critical hotel function, revealing a gradual move towards the use of automated management and a commitment to sustainability, concerns over recruitment, retention and staff outsourcing, and the potential to deliver much more, if only the industry's "image problem" can be reversed.

From the edition

From the magazine