Manama Hotels Top List of Global Revenue Earners
Ernst & Young Reports Bahrain Hotels Top List of Largest Increase in Revenue per Available Room
MANAMA, Bahrain, July 12, 2012 /PRNewswire-USNewswire/ -- Bahrain's hotel industry tops list of global revenue earners in the Middle East/North Africa region according to the latest report issued by Ernst & Young. Hotels in Manama reported a 52.1 percent increase in revenue per available room (RevPAR) for the first five months of 2012 as reported by Ernst & Young's Middle East Hotel Benchmark Survey for May 2012.
Manama hotels also saw sustained increased in occupancy rates at 14 percent growth. This growth signals sustained growth during the peak vacation season in the Middle East.
According to GulfNews.com, partner and head of MENA transaction real estate at Ernst & Young, Yous...