Dubai-based hotel firm Jumeirah Group has reported its Q1, 2015 results, revealing the UK remains the organisation’s number one source market for guests worldwide, accounting for 15.2% of total room nights sold.
Russia is the second largest source of revenue for the hotel group. Business from the Gulf region grew by 13.9% in the first four months of 2015 compared to the same period in 2014.
In 2014, the firm’s revenues rose 5.2% year-on-year, while its average occupancy rate across all hotels reached 80.1% and average revenue per available room (RevPAR) was AED 1,708 ($465).
Over the first four months of 2015, occupancy levels reached 84.6%, the Average Daily Rate was AED 2,385 and the RevPAR came in at AED 2,018.
Speaking at the annual Arabian Hotel Investment Conference at Madinat Jumeirah in Dubai, Gerald Lawless, president and CEO of Jumeirah Group, said: “The results of our performance in 2014 are very encouraging. We not only continue to build on the success of our existing portfolio of hotels, resorts and restaurants, but we are investing in the future of the company through innovative projects, such as the construction of Jumeirah Al Naseem at Madinat Jumeirah, through the refurbishment of Mina A’Salam and other properties, and the relaunch of iconic restaurants such as Pierchic.
“We are also investing in our colleagues, opening up new opportunities for career development through our expansion strategy, attracting Emirati professionals to join us and driving a performance culture through the organisation. Although the economic environment is tougher in 2015, we have got off to a good start and look forward to another successful year.”
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