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FINANCIAL NEWS
Gulf hotels to bring USD25 billion revenues by 2016
19 Jul 2013
(MENAFN) GCC continues to show a strong hospitality industry, as the region�s hotel revenues are expected to raise by 2016 to USD25 billion due to steady annual growth of 6.93%, reported Khaleej Times.
Hotels are set to welcome a greater number of tourists in three years causing an expected boost in occupancy rates to 73%, up from 68% in 2012.
It�s worth mentioning that the Gulf region runs 491 hotels including 120,705 rooms, according to STR Global reports in June 2013.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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