MANAMA,
Bahrain, April 27, 2012 --
Bahrain's tourism industry is returning to normal as new figures
released by STR Global show a strong rebound in the country's hotel
industry.
According to the new data, Bahrain's
hotel occupancy rates more than doubled in March compared to March of
last year. The country posted a 112 percent increase in occupancy rates
and a 14.6 percent increase in average daily rates. Overall, Bahrain's hotel industry rose 143.1 percent
in revenue growth per room available (RevPAR).
While there is increasing pressure on average room rates in Northern Africa, the situation looks better
in the Middle East and Gulf Region, Elizabeth Randall, managing director of STR
Global, said.
"In other parts of the region, signs of stabilization can be seen in
the strong RevPAR improvements in Bahrain,
Lebanon and Jordan. Additional increases of more than
20 percent were reported by Saudi Arabia
and Oman, as well," she said.
As a whole, occupancy rates in the Middle
East rose 8.9 percent in the first quarter of 2012 to 60.9
percent and RevPAR rose 9.9 percent to $107.23.
SOURCE Kingdom of Bahrain
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