Hotel Provision Expanding

by BTM

Sun, 02 July 2017

Hotel Provision Expanding

The Kingdom’s hospitality sector is still expanding with 5,100 new guest rooms, across 15 four- and five-star hotels, currently in the development pipeline.

According to a report by property expert CBRE, the new properties are estimated to cost more than USD10 billion and there are a number of big-name brands set to launch in the next five years including The One&Only Resort, Wyndham Grand Hotel, Fairmont, Vida Hotel & Resort, Ibis Hotel and Pullman Hotel.   

“The region is seeing an influx of new hotel rooms in spite of reduced demand and prolonged economic challenges primarily as a result of deflated oil prices. The majority of hotel rooms available in the Bahrain market in 2016 were in the four-star market constituting 43 per cent of total room supply. In terms of future supply of hotel rooms in the development pipeline, there are an additional 5,100 rooms planned to be introduced by 2021 which will further advance the standard of property in the Bahrain market,” says Heather Longden, associate director, CBRE Bahrain.