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A compound annual growth rate of 4.8% has been projected for Bahrain’s tourism market, reaching one billion dollar by 2020. Bahrain attracted a total of 11.6 million tourists in 2015, up 11 % from the previous year.
The hotels and restaurants sector was the fastest-growing sector in the Kingdom for the past two years, expanding by 10% in 2014 and by 7.3% in 2015. Bahrain is home to 120 hotels including the Four Seasons, the Ritz Carlton, Sofitel, ART Rotana, Marriott, Le Méridien and the Westin. Many are under development.
Jerad Bachar, Executive Director of Tourism and Leisure, EDB, commented, “There is strong investment currently underway in Bahrain’s tourism sector, stemming from both private and public sector sources. The recently launched tourism brand identity ‘Ours. Yours. Bahrain’ has been launched to build the overall awareness of Bahrain as a tourism destination. Through collaboration with the greater tourism community, we aim to increase the country’s competitiveness and increase the economic contribution from tourism to the GDP.”
Bahrain is investing heavily in large infrastructure projects including the one billion dollar Bahrain International Airport Modernisation Programme; the Avenues Mall and the One and Only Resort and Spa, both currently under construction.
Source: travelnewsdigest.in