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FINANCIAL NEWS
Tourism expected to contribute 3.7% to Bahrain’s GDP by 2022
29 Aug 2012
(MENAFN) A recent report released by the World Travel and Tourism Council expected travel and tourism sector to increase contribution to the Bahraini economy by 3.7 percent to USD2.04 billion per annum between now and 2022, Arabian Business reported.
The report also expected investment in the sector to surpass USD865 million by 2022, from USD545 million last year.
Such investments will be essential in attracting over eight million visitors annually predicted in 2022, compared to five million in 2011.
Business travel spending in Bahrain was also expected to grow to USD449 million in 2022.
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