15 hotels worth $10bn to open in Bahrain by 2020
The properties in the pipeline include global hotel brands like The One&Only Resort, Wyndham Grand Hotel, Fairmont, Vida Hotel & Resort, The Address Hotel & Resort, Ibis Hotel, and Pullman Hotel
Bahrain is anticipating 15 new hotels and beachfront resorts to be added to its hospitality portfolio in the coming years.
Based on figures released by the Bahrain Economic Development Board (EDB), the country’s hotel and restaurant sector is witnessing growth, a development underpinned by plans to establish 15 hospitality projects by 2020.
The planned hotels and beachfront resorts have a collective investment value of more than $10bn, Bahrain News Agency (BNA) reported.
The properties in the pipeline include global hotel brands like The One&Only Resort, Wyndham Grand Hotel, Fairmont, Vida Hotel & Resort, The Address Hotel & Resort, Ibis Hotel, and Pullman Hotel.
According to BNA, these hotels will add to the kingdom’s existing portfolio of over 190 hotels and resorts. This portfolio includes 18 five-star hotels, 48 four-star hotels, 35 three-star hotels, 81 serviced apartments, and 11 resorts. These hotels currently offer a capacity of more than 16,500 rooms.
The country recently unveiled a new tourism identity – ‘Ours. Yours. Bahrain’ – as part of Bahrain Tourism and Exhibitions Authority (BTEA)'s commitment towards reinvigorating the kingdom’s tourism industry.
The campaign’s strategic and infrastructural initiatives aim to double the tourism industry’s contribution to Bahrain’s GDP from 3.6% to 6.6%.
BTEA also established six international offices to help drive development and raise awareness of Bahrain’s tourism in key global markets, including the UK, France, India, Germany, and Russia.
Commenting on the developments in Bahrain’s tourism and hospitality sectors, Khalid Al Rumaihi, chief executive at EDB, said: "These future investments in the hospitality sector will bring several new international hotel chains to the kingdom and raise the profile of existing ones.
“They are expected to increase hotel capacity in the country by around 4,000 hotel rooms, by 2020, as well as fill the gaps in the market, especially in the mid-market and luxury sector.
He added: "These new developments will both help to meet rising demand and attract new visitors to the Kingdom. Bahrain showed strong growth in tourist numbers in 2016, witnessing a 6% increase in the number of tourist arrivals, receiving 12.2 million.”
BNA also noted that the kingdom has a strong pipeline of infrastructure projects worth over $32 billion, some directly supporting the tourism sector. They include a second causeway linking Bahrain and Saudi Arabia, which will connect the two countries by road and by the proposed GCC rail network. This is in addition to the $1.1bn Bahrain International Airport (BIA) modernisation programme, which – upon completion – will increase the airport’s capacity by 65%, to receive up to 14 million passengers per year.