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FINANCIAL NEWS
Bahrain- Hotel rates up 70% in April
24 May 2012
(MENAFN) STR Global issued new reports showing an in crease in hotel rates in the Kinfgdom of Bahrain, due to the revival of the country’s tourism sector as the Formula 1 races go on, reported Arabian Business.
In the capital alone, hotel rates rocketed by seventy percent last month, year on year. The country was forced to cancel the Formula 1 races last year as it was going through political unrest.
STR Global added that Manama witnessed a 30.4 percent increase ion average daily rates (ADR).
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