Hotel occupancy rates in Bahrain are as low as five percent as a result of the ongoing internal unrest impacting the country.”After being ranked second in the region for its tourism and travel competitiveness, according to the Travel and Tourism Competitiveness Report released by the World Economic Forum, hotels in Bahrain are currently achieving occupancy rates of between five percent and ten percent,” claimed a new report by consultants at CB Richard Ellis.”It is hoped that this will be just a temporary setback, but several hotels previously rushing to meet the Formula One opening deadline in March have put back their formal openings until after the summer period.”With Formula One “called off”, low levels of visitation by Saudi and Kuwaiti nationals and business travel curtailed, the hospitality and leisure industry has experienced a substantial setback so far this year.”
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