Bahrain Sees Significant Rise In Hotel Occupancy Rates
MANAMA, Bahrain, Jan. 23, 2013 /PRNewswire-USNewswire/ -- According to a survey by Ernst & Young, Bahrain's hotel occupancy rates rose by 7 percent during 2012, pointing to a rebound in the Kingdom's tourism and business sectors.
The report tied the increase in occupancy rates to an increase in attendance at exhibitions and international events – specifically mentioning Jewelry Arabia, the Oil and Gas Trade Forum, and the 2012 Manama Dialogue.
In addition to an increase in hotel occupancy, Ernst & Young found that average room yield in Bahraini hotels increased 20.7 percent in 2011, while the average room rate fell by 0.4 percent.
SOURCE Kingdom of Bahrain