Jumeirah Group reports 8% growth for 2013
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Development, expansion and growth are what charts Jumeirah Group’s strategy. The company recently announced its performance for 2013. As per statistics, the consolidated Group revenues grew by eight percent while total revenues under management went up by 11% and EBITDA levels also increased by eight percent. The occupancy and average room rates across the company’s owned and leased portfolio grew by five percent. This contributed to an 11% growth in revenue per available room (RevPAR) followed by consolidated room revenue increased by 11%.
UK visitors racked up an extra 26% in revenue as its largest source market, representing 16.4% of its room nights sold. Brits are not only staying in its UAE hotels but are also top market for its properties in London, Mallorca, Frankfurt, Rome and Istanbul. UK business in the European hotels has grown 12% year-on-year and contributes 18.7% of revenue.
Generally the 2013 results found Russians are spending the most while its business from Australia has gone up following the venture between Qantas and Emirates.
“2013 was a stellar year for Jumeirah Group, a year that concluded the announcement that Dubai would host the World Expo in 2020. We expect this to further enhance the energy that is going into the growth of Dubai as not only a destination for travellers, but also as a home for businesses, entrepreneurs and their families,” said the company’s president and CEO Gerald Lawless.
Its new properties in London (Grosvenor House Apartments), Etihad Towers in Abu Dhabi and the Jumeirah Dhevanafushi in the Maldives are leading the way in performance.
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