Saturday 27 December 2014
 
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three-star

Bahrain hotel clamp losses hit $298m

A recent clamp on Bahrain's three-star hotels has wiped BD113 million ($298 million) off the value of their assets, a report said. The value of the combined fixed assets of the 37 hotels has dropped from BD150 million a month

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Financial blow for three-star hotels in Bahrain

Three-star hotels in Bahrain have suffered huge financial losses during the Eid holiday, with some achieving “zero revenues”, reported the Gulf Daily News (GDN), our sister publication. In a statement issued yesterday, owner

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