Everyone wants to visit Bahrain: tourism 'booming'
The recent launch of the $40 million Holiday Inn Express Bahrain, the kingdom's first limited service hotel, is indicative of the growing opportunities in the kingdom for the travel and tourism sector over the coming decade, said officials. The investment has been made by Dubai International Capital, the international private equity arm of Dubai Holding, through its majority owned vehicle Ishraq Gulf Real Estate Holding Company.
Located on the Exhibition Road, the 274-room hotel is close to Bahrain International Airport as well as the King Fahad Causeway, Bahrain Financial Harbour, key diplomatic facilities and shopping centres. 'Bahrain has been and continues to be an attractive tourism and hospitality market,' said Ishraq Gulf Real Estate Holding Company chairman and Dubai International Capital managing director Maissan Jalal Al Maskati.
'In fact, our decision to make such a substantial investment was driven by our long-term confidence in the market's historically healthy occupancy levels and hotel rates, coupled with a sophisticated consumer base that demands a high-quality limited-service product. 'Further to the launch of four Holiday Inn Express hotels in Dubai, we are now delighted to be here and to have chosen Bahrain to launch our fifth and newest location,' he said. 'We look forward to building on this success and continuing to evaluate new investment opportunities in Bahrain in the future,' he added.
- Tourism is the real target of the Tunisia attacks: industry set to suffer
- Boeing Works to Inspire UAE Youth to be the Future of Aviation
- Owner of Sheraton Amman calls 2014 just 'another difficult year'
- Will Tunisia's tourism sector withstand the museum attack?
- Almost expected trends: how much are tourists spending per night in Egypt?
- Jordan’s hotels are fully booked for Eid, but not everyone is seeing business boom
- InterContinental Hotels Group links regional growth to booming sports tourism sector
- SNAS/DHL invests SR3 million to upgrade its King Fahad Causeway facility
- Bahrain sees boost in cruise tourism
- Nissan launches Express Service centre in Bahrain