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Fraser Suites Reports Jump in Occupancy in May

Special promotion in conjunction with Seef Mall 's "Summer Surprises"

Exclusive Privé Haidressing by Fadi Harb joins Fraser Suites first-rate range of facilities
Bahrain - Monday 30 May, 2011: Fraser Suites Seef Bahrain, Bahrain's first Gold- Standard luxury serviced apartments reports that occupancy levels have witnessed a steady upward trend over the past few weeks, reaching a high of 48% in May.

This steady increase is a welcome indicator that tourism and businesses activity is returning to the island Kingdom, as the majority of Fraser Suites' clientele is comprised of GCC nationals and regional and international business travelers, in addition to its long-term tenants in Bahrain.

According to recent figures from the Bahrain Tourism Company, current occupancy levels were "hovering between 20% to 30%", up from February and March levels which plummeted to as low as 5% according to industry reports.

"We are encouraged by this uptick in occupancy over the past two months," said Olivier Briand, General Manager of Fraser Suites Seef. "Our occupancy doubled in April to reach around 33% compared to February and March of this year. While this is still below previous levels, it is nonetheless above current market conditions and is a positive sign that normalcy is returning to Bahrain. We are fully confident that this upward trend will continue as the summer months approach and more events are added to the calendar."

Mr. Briand added that the recent increase in causeway traffic and Seef Mall 's "Seef Summer Surprises" campaign have helped to further spike in occupancy levels in May.

Owned by Seef Properties and located in Bahrain's premiere shopping and business district, Fraser Suites Seef will celebrate its 2^nd anniversary in June. In addition to the full complement of world-class services and facilities, the exclusive Privé Hairdressing by Fadi Harb recently opened in Frasers Suites' premises in May. Fraser Suites is also conveniently adjacent to Seef Mall , Bahrain's original family mall, offering guests handy shopping, dining, and entertainment options.

Mr. Briand also announced that Fraser Suites is offering special rates during Seef Mall 's summer campaign to further entice overseas shoppers. The promotion will run for the whole summer. For reservations Tel. +973 1717 1626.

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About Frasers Hospitality Pte Ltd
Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, a wholly-owned subsidiary of Fraser and Neave, Limited, is a global serviced residence owner and management company with Gold-Standard residences across Europe, North Asia, Southeast Asia, Middle East and Australia.
Frasers Hospitality commits to "meeting the unique needs of executive travellers through continuous innovation", and providing its customers with the space, family and community away from home. Conceived with the lifestyle preferences of today's discerning extended stay executive travellers in mind, Frasers Hospitality has three brand offerings - Fraser Suites, Fraser Place and Fraser Residence. A second brand, Modena, which targets the professional who spends the majority of his or her time travelling, was established under the Frasers Hospitality umbrella in July 2009. For more information on Frasers Hospitality, please visit www.frasershospitality.com

Media Contacts:
Hassan Al Jundi
Hill & Knowlton
+97317533532
Hassan.aljundi@hillandknowlton.com

© Press Release 2011

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