The travel and leisure industry in the Kingdom of Bahrain is growing rapidly and is expected to achieve US$1 billion by 2020, based on figures released ahead of Arabian Traveling Market 2017, which takes place on the Dubai World Trade Centre 04 24-27.
Bahrain observed an 8. 4% increase in incoming traffic in the third quarter associated with 2016 and a peak of 1. four million arrivals during the month associated with August. With the Bahrain Tourism plus Exhibition Authority (BTEA) spearheading a strong marketing campaign, the Kingdom expects in order to welcome 15. 8 million yearly visitors by 2018. This will signify an increase of 36. 2% upon current figures and will place the country’ s tourism industry on track to achieve its $1 billion 2020 focus on.
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Simon Press, Mature Exhibition Director, ATM, said: “ The Bahrain Tourism and Exhibit Authority has engaged with a quantity of public authorities and private field organisations over recent months as well as the returns are beginning to be realised.
“ The BTEA today operates seven official representation workplaces worldwide, with a focus on source marketplaces in Europe and Asia, and will continue to function hand-in-hand with hotels, tour providers and cruise lines to achieve its goals. ”
This remarkable growth will be driven primarily by leisure sector, which should rise in conditions of value by 4. 3% per annum to BHD 1 . two billion in 2026. While company arrivals will generate BHD 219. 3 million per annum by 2026.
As activity is constantly on the increase, GDP contributions from travel and leisure will also rise, from the 10. 6% contribution witnessed in 2015 to some predicted 13% contribution towards GROSS DOMESTIC PRODUCT in 2026.
This news comes as inbound investment into Bahrain’ s tourism infrastructure reaches brand new heights. From funding totaling BHD 105. 3 million in 2015 – representing 5. 3% associated with total investment that year – investment is expected to reach BHD 217. 9 million in 2026, which will be 8. 6% of the nationwide total.
The $1. 1 billion Airport Modernisation Program (AMP) at Bahrain International Airport may double capacity from 7 mil to 14 million passengers each year, by Q2 2020.
STR Global estimates that there is presently, 12, 641 rooms and a pipeline of 4, 187 rooms, a rise of 33. 1% in resort stock over the coming years.
Promoting its hotels, amusement attractions and investment opportunities, the particular Kingdom of Bahrain will enjoy a powerful presence at ATM 2017, along with several exhibitors participating. These include the particular Kingdom of Bahrain Tourism Field, Ministry of Culture, Sabre, Farhat International Tours & Travels WLL and the Gulf Hotel Bahrain. The particular country’ s flagship luxury qualities, such as Four Seasons Hotel Bahrain Bay and Sofitel Bahrain Zallaq Thalassa Sea & Spa, may also be represented by their respective operators.
To drive the expected requirement, BTEA’ s plans for 2017 include capitalising on the leisure marketplace, particularly the heritage and cultural factors, regenerating beaches, targeting cruise people, as well as the opening of Avenues Bahrain Mall.
Press additional: “ The main theme of this year’ s ATM is experiential take a trip and Bahrain is a perfect example of exactly what this sector offers, with expenditure set aside for the regeneration of the historical bazaar district, Manama Souq plus similar projects at Bab ‘s Bahrain. ”
CREDIT – considered by many industry experts as a barometer for the Middle Eastern and North Africa tourism industry – witnessed a year-on-year website visitor attendance increase of 9% to 28, 500 in 2016, along with 2, 785 exhibiting companies, putting your signature on business deals worth more than US$ 2 . 5 billion over 4 days.
ATM 2017 will build on its success with the statement of an additional hall as Reed Travel Exhibitions looks to add to the record-breaking achievements of 2016.
For more information on Arabian Take a trip Market 2017, please visit: www.arabiantravelmarket.wtm.com
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