Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
25-09-14
GCC hospitality industry set to reach $35.9b by 2018
(MENAFN) Gulf Cooperation Council (GCC) countries' hospitality industry is predicted to increase to USD35.9 billion by 2018 from USD22.8 billion in 2013, with an annual rate of 9.5 percent, Gulf News reported.
The growth of the industry in the region is attributed to many reasons including a rise in leisure travel, a shift towards budget travel and is driven by international tourist arrivals, especially those from Asia.
In terms of countries, the UAE's hospitality industry for example is expected to grow at a compound annual growth rate of 10 percent between 2013 and 2018.
Meanwhile, the GCC made major investments in expanding airports there, like Dubai, which spent USD 31.98 billion in expanding Al Maktoum International, which would enable the airport to serve 120 million passengers within six to eight years, while airports across the region are expected to handle as many as 250 million passengers by 2020.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us