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Bahrain hotel revenues hit $9.7m during F1 weekend

MANAMA, April 17, 2017

Hotel revenues in Bahrain reached BD3.7 million ($9.7 million) during the Formula One weekend, with 12,000 hotel rooms booked during the event and total occupancy rate of five star hotels reaching up to 89 per cent.

“We are pleased with the positive results achieved by the tourism sector during the Formula One season. We hope that the coming F1 season brings further success; reflecting the Kingdom’s positive image internationally and contributing to the development of the local economy," said Shaikh Khaled bin Humood Al Khalifa, chief executive officer of Bahrain Tourism and Exhibitions Authority (BTEA).

"Our strategy is focused on strengthening Bahrain's position as a destination that is able to host leading international events. Such events, demonstrate Bahrain's potential and infrastructure where the investors’ confidence is firmly established, therefore the authority seeks to best serve these events,” he added.

BTEA also invited more than 25 members from its representative offices located across the world in further to learn about the kingdom, its thriving tourism industry and to further promote the importance of the Bahrain Grand Prix in attracting enthusiasts to this exciting sporting event held at the Bahrain International Circuit.

On the sidelines of the event, BTEA organized ‘Hurafuna’ Handicrafts Festival held at Bab Al Bahrain. The festival, running until April 18, offers residents and visitors an opportunity to learn about the handicrafts of the kingdom giving the local craftsmen a platform to sell their distinctive products and present them to the public. - TradeArabia News Service
 




Tags: Bahrain | hotel | F1 | weekend | Revenue | Occupancy |

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