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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.
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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