Hotels continue to drive Bahrain economy growth

Despite slight loss of momentum, sector still registers strong growth in Q3 2014

Best Western Hawar Resort Hotel opened in Q3
Best Western Hawar Resort Hotel opened in Q3

The hotels and restaurants sector in Bahrain lost a little of its momentum in the third quarter of 2014, although it still registered strong growth, newly-released economic data shows.

According to The Economic Development Board’s latest Bahrain Economic Quarterly report, the sector grew by 7.4% year-on-year during the quarter.

This followed growth of 9.9% and 10.3% in the first and second quarters of the year respectively.

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Nevertheless, it still placed hotels and restaurants among the country’s top-performing sectors, behind only construction (12.3%) and other (12.2%).

It was also above overall GDP growth, which came in at 5.1%, after growth of 3.1% in the first quarter and 5.6% in the second quarter.

The authors of the report said the sector has “consistently been the fastest-growing sector of the economy in recent quarters” and that, although some of the momentum had been lost, it still registered “robust” growth.

The Economic Development Board, a public agency in Bahrain, highlighted the opening of Best Western Hawar Resort Hotel, with 44 rooms and suites, in the report.

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