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FINANCIAL NEWS
Bahrain tourism sector to hit USD1bn by 2020
27 Feb 2017
(MENAFN) The tourism industry in Bahrain is increasing fast and is projected to reach USD1bn by 2020, according to numbers released of Arabian Travel Market 2017.
Additionally, the kingdom experienced an 8.4 percent increase in inbound traffic in the third quarter of 2016 and 1.4mn arrivals amid the month of August.
Accordingly, the Bahrain Tourism and Exhibition Authority engaged with a number of public authorities and private sector organizations over recent months.
Moreover, the increase will be driven by the leisure sector, which should grow in terms of value by 4.3 percent per annum to BHD1.2bn in 2026.
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MENAFN2702201700450000ID1095272079
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