Bahrain's Hospitality Industry on the Rise

MANAMA, Bahrain, July 12, 2011 /PRNewswire-USNewswire/ -- Bahrain's hospitality industry has rebounded substantially since the lifting of the State of National Safety, Arabian Business reports. Once as low as 5 percent, occupancy rates in Bahraini hotels have steadily risen as trade restrictions have been lifted, and since the return of businessmen and Saudi tourists.

Several malls across Bahrain also reported an increase in profit since the State was lifted, industry analysts stated in the report.

"The malls, which have been empty for the last three or four months, are heaving and that's Saudi visitation, so it looks like the Saudis are back in large numbers," said Mike Williams, a senior director at the research firm CB Richard Ellis.

As confidence in the Bahraini economy grows, the report continues, several companies announced plans for additional new hospitality infrastructure. Kempinski announced the grand opening of two new hotels at the Bahrain City Centre Mall in September and Marriott announced plans for a new Residence Inn set to open later this year.

SOURCE Kingdom of Bahrain

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