Bahrain Mirror: Average daily rates (ADR) at Bahraini hotels fell to its lowest October mark for 11 years, according to new data released by analysts STR.

The Arabian Business website said that the hoteliers operating in the Gulf kingdom saw ADR drop by more than 8 percent to BD58.71 in October compared to the same month last year.

STR also said in its Middle East/Africa October 2017 report that revenue per available room (RevPAR) fell marginally to BD28.86.

Occupancy rose by 9.2 percent in October but was still below 50 percent at 49.2 percent, the data showed.

STR analysts noted that the year-over-year increase in occupancy came in comparison with a low base from October 2016, adding that the country's absolute occupancy level was helped by two events in Manama - the Federation of Afro-Asian Insurers and Reinsurers 25th Conference and the Bahrain International Defence Exhibition and Conference.

But a recent report issued by the Bahrain Economic Development Board said that Bahrain received 8.7 million tourists during the first three quarters of this year, marking an increase of 12.8%, from the same period last year.

Bahrain tourism authorities recently announced that $10 billion would be invested to open 15 five-star hotels in the country between now and 2020. There are now currently 17 five-star hotels and up to 63 four-star hotels operating in the Gulf state, which has been marketing itself as a luxury tourist destination.

Arabic Version