Abu Dhabi National Hotels posts OPERATING REVENUE FIGURES of AED 701 million

Abu Dhabi National Hotels PJSC (ADNH), the leading diversified UAE-based hospitality company with interests in hotels, catering, transport and retail, today announced its financial results for the half year ended 30th June 2015. 

For the period, ADNH recorded operating revenue figures amounting to 701 million Dirhams, while the company’s total assets stood at AED 9.49 billion as of 30th June 2015.   

“The first half of 2015 has been a successful period for ADNH and its business divisions,” commented Hareb Al Muhairy, ADNH Board Member. “Significant achievements have been recorded by all our business divisions and we ensured we have laid the basis of further strategic growth.” 

Overall, the Hotels Division accounted for 68.3 percent of the total operating revenue, with the properties owned and managed by ADNH having met the budgeted figures. 

The recently established Restaurants Division has seen the opening of a new outlet at the Venetian Village, the city’s newest dining destination. Todd English’s Olives restaurant brings in not only the beloved Italian and Mediterranean tastes, but also a celebrity chef name as a valuable addition to the city dining landscape. Todd English’s Olives Restaurant joins the collection of already acclaimed international culinary names such as Brasserie Flo, serving authentic French dishes; Inakaya, the traditional robatayaky Japanese restaurant; and Al Fanar, the Emirati restaurant. Barfly, a concept developed by the Buddha Bar creators, and the Indian fine dining restaurant Punjab Grill are expected to  open in the coming months. 

The company and its projects enjoyed regional recognition, having bagged two prestigious awards; Forbes Middle East recognised ADNH as one of the Top Companies in the Arab World, while MEED Quality Awards for Projects 2015 awarded Park Hyatt Abu Dhabi Hotel & Villas, one of ADNH’s flagship properties, as the National Winner in the Leisure and Tourism Project Category. Last but not least, Inakaya Abu Dhabi has been received “Best of Restaurants” award for 2015 at the Middle East Interior Design and Architecture Awards in Dubai. 

“Looking at developing our hospitality offering”, said Al Muhairy, “We will continue to focus on developing trendsetting dining venues while creating innovative hospitality environments in Abu Dhabi and further afield.” 

Other ADNH business divisions have had an outstanding performance during the first six months of the year. Al Ghazal Transport has seen not only an improved financial performance, but also an improved quality of services. The transportation company occupied the second position in TransAD performance evaluation ranking, having advanced from the sixth position during the same period of last year. With regard to its financial performance, Al Ghazal Transport recorded an eight percent revenue increase as compared to the same period of 2014. Overall, 36 percent of the division total revenue came from new or renewed business. 

ADNH Compass, the Joint Venture between ADNH and the United Kingdom based Compass Group PLC, delivered profit shares from its catering business showing an increase of 17.8 percent as compared to the same period in 2014. 

A pioneer in the industry with a spread of operations covering a wide spectrum of hospitality services, ADNH has recently committed to facilitate the access of Emirati students to the world of hospitality. Through the Khibrati programme initiated with the Tourism and Culture Authority (TCA), ADNH hotels managed by international brands have tailored internship programmes aimed at attracting Emirati nationals. “Through our hotels, we have unique capabilities to provide training programmes tailored at widely acknowledged international standards to ensure our interns will become part of the hospitality world”, commented Al Muhairy on the occasion of signing the agreement with TCA.