Habtoor Hospitality’s year-to-date forecast for H1 of 2022 registered an 82 per cent increase in revenues over the same period in 2021.
30 August 2022, 12:00 AM
30 September 2022, 12:00 AM
Al Habtoor Group (AHG), the UAE-based privately-owned diversified business conglomerate, announced a robust performance for the first half of 2022 for the group on Friday.
The group witnessed a growth of 19 per cent compared to 2021 in revenues, and 36 per cent in EBITDA.
Khalaf Ahmad Al Habtoor, founding chairman of Al Habtoor Group (AHG) said, “We had a good year in 2021 where we saw a very promising recovery post-Covid, and I predicted last November an even better 2022. I am delighted to announce that this year did not disappoint. The revenues in our various divisions surpassed the previous year's recovery and pre-Covid times. Numbers don’t lie."
“All our hotels in the UAE are performing remarkably well. Habtoor Hospitality’s year-to-date forecast for H1 of 2022 registered an 82 per cent increase in revenues over the same period in 2021, and 190 per cent in EBITDA, triggered by an overall increase in bookings in town and an ADR-focused policy.”
"This upward trajectory started due to highly efficient crisis-management skills. And to overcome the significant ongoing challenges, we have taken numerous measures to increase efficiency, consolidate policies and increase revenues," added Al Habtoor.
“The faith in the UAE and Dubai’s business environment has never been stronger, witnessed primarily in the increased numbers of enrolments in our schools. I trust this success will continue for H2 and propagate to 2023,” he concluded.