Saudi Arabia, Cyprus agree visa exemption for holders of diplomatic and special passports    Saudi Arabia marks 8th anniversary of Vision 2030, showcasing monumental progress and strategic achievements    Lt. Gen. Al-Bassami: 28 Public Security units in Saudi Arabia to exchange information on human trafficking    MWL session affirms global Islamic unity, tackles challenges    Al-Ahsa Airport to double capacity to accommodate 100 million passengers a year    L'Oréal dermatology conference emphasizes sustainability in Riyadh edition    Saudi internet penetration hits 99% while online shopping jumps to 63.7% in 2023    Biden keeps needling Trump as he walks a tightrope over his rival's trial    Ukraine uses longer-range US missiles for first time    At least 32 dead as flash floods sweep through half of Kenya    Russia vetoes US-backed UN resolution to ban nuclear weapons in space    Riyadh Season announces first overseas event with boxing gala in Los Angeles    Riyadh to host Saudi-UK expo "GREAT FUTURES" in May    Belgian man whose body produces alcohol in rare condition acquitted of drunk driving    Al Hilal's comeback effort falls short in AFC Champions League semi-finals    Australian police launch manhunt for Home and Away star Orpheus Pledger    Spice Girls reunite at Posh's 50th birthday    Swedish rider Eckermann wins 2024 Show Jumping World Cup in Riyadh    Aspiring fencer Josh Brayden aims for Olympic glory    Revenues touch SR3.7 billion in Saudi cinema sector since 2018    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bahrain tourism to reach $1bn by 2020
Published in The Saudi Gazette on 27 - 02 - 2017

The tourism industry in the Kingdom of Bahrain is growing rapidly and is expected to reach $1 billion by 2020, according to figures released ahead of Arabian Travel Market 2017, which takes place at the Dubai World Trade Centre on April 24-27.
Bahrain witnessed an 8.4% increase in inbound traffic in the third quarter of 2016 and a peak of 1.4 million arrivals during the month of August. With the Bahrain Tourism and Exhibition Authority (BTEA) spearheading a robust marketing campaign, the Kingdom expects to welcome 15.8 million annual visitors by 2018. This will represent an increase of 36.2% on current figures and will place the country's tourism industry on track to reach its $1 billion 2020 target.
Simon Press, Senior Exhibition Director, ATM, said: "The Bahrain Tourism and Exhibition Authority has engaged with a number of public authorities and private sector organizations over recent months and the returns are beginning to be realized.
"The BTEA now operates seven official representation offices worldwide, with a focus on source markets in Europe and Asia, and will continue to work hand-in-hand with hotels, tour operators and cruise lines to achieve its objectives."
This phenomenal growth will be driven primarily by the leisure sector, which should rise in terms of value by 4.3% per annum to BHD1.2 billion in 2026. While business arrivals will generate BHD219.3 million per annum by 2026.
As activity continues to increase, GDP contributions from tourism will also rise, from the 10.6% contribution witnessed in 2015 to a predicted 13% contribution towards GDP in 2026.
The news comes as inbound investment into Bahrain's tourism infrastructure reaches new heights. From funding totaling BHD105.3 million in 2015 – representing 5.3% of total investment that year – investment is expected to reach BHD217.9 million in 2026, which will be 8.6% of the national total.
The $1.1 billion Airport Modernization Program (AMP) at Bahrain International Airport will double capacity from 7 million to 14 million passengers per year, by Q2 2020.
STR Global estimates that there is currently, 12,641 rooms and a pipeline of 4,187 rooms, an increase of 33.1% in hotel stock over the coming years.
Promoting its hotels, leisure attractions and investment opportunities, the Kingdom of Bahrain will enjoy a strong presence at ATM 2017, with several exhibitors participating. These include the Kingdom of Bahrain Tourism Sector, Ministry of Culture, Sabre, Farhat International Tours & Travels WLL and the Gulf Hotel Bahrain. The country's flagship luxury properties, such as Four Seasons Hotel Bahrain Bay and Sofitel Bahrain Zallaq Thalassa Sea & Spa, will also be represented by their respective operators.
To drive the expected demand, BTEA's plans for 2017 include capitalizing on the leisure market, particularly the heritage and cultural aspects, regenerating beaches, targeting cruise passengers, as well as the opening of Avenues Bahrain Mall.
Press added: "The main theme of this year's ATM is experiential travel and Bahrain is a perfect example of what this sector offers, with investment set aside for the regeneration of the historic bazaar district, Manama Souq and similar projects at Bab Al Bahrain."
ATM - considered by many industry professionals as a barometer for the Middle East and North Africa tourism sector – witnessed a year-on-year visitor attendance increase of 9% to over 28,500 in 2016, with 2,785 exhibiting companies, signing business deals worth more than $2.5 billion over four days.
ATM 2017 will build on its success with the announcement of an additional hall as Reed Travel Exhibitions looks to add to its record-breaking achievements of 2016. — SG


Clic here to read the story from its source.