HMH announces 10% increase
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The first quarter worked out positive for hotels operated by HMH – Hospitality Management Holdings which reported strong performance of a 10% increase in RevPAR (revenue per available room) and 7.2% rise in average room rates (ARR).
Laurent A Voivenel, CEO, HMH said: “We have been witnessing a consistent increase in demand across all segments. Some destinations such as the UAE have done extremely well with Coral Beach Resort – Sharjah, Corp Dubai Al Wasl Al Khoory Hotel, Coral Dubai Al Barsha Al Khoory Hotel & Apartments, Coral Dubai Deira Hotel and Ewa Dubai Deira Hotel all averaging above 90 % occupancy.
As the Group seeks a wider reach locally and globally, the rest of the year looks promising. Laurent stressed, “Aside from countries like Russia, China, Korea, India, Indonesia, Malaysia and Brazil, we are tapping into Nordic market. It represents opportunities for our brands as we are seeing a sizeable increase in number of guests from there. We anticipate numbers to go up drastically in the coming years.”
Comments are closed.