Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Habtoor Hotels Present 2014 Budget Plan  Join our daily free Newsletter

MENAFN - Arab Times - 14/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Khalaf Ahmad Al Habtoor was presented the budget for Habtoor Hotels for 2014. Henning Fries, Group Director, Habtoor Hotels presented the projections to the Al Habtoor Group Chairman at the Al Habtoor Group head office on Wednesday, Dec 11, 2013. Also present was Sultan Al Habtoor, President of Al Habtoor Motors and senior executives of the Al Habtoor Group, as well as key people from each of Group's hotels.

The Al Habtoor Group currently owns and operates three hotels in Dubai - Habtoor Grand Beach Resort and Spa, Metropolitan Palace Hotel and Metropolitan Hotel Deira. It also has two hotels in Lebanon - Hilton Beirut Metropolitan Palace and Hilton Beirut Habtoor Grand. In addition it has the historic Le Mridien Budapest, which is ideally located in the heart of Budapest a few steps from the River Danube.

The Group's hotel arm is expanding aggressively. It is about to open the luxury Waldorf Astoria Dubai Palm Jumeirah, which will come into play early 2014. Al Habtoor called this project a "major milestone for the Group."
Henning Fries told the Group the hotels division saw a 12 per cent jump in overall revenue from existing properties, driven by both average rate and occupancy increases. He said momentum is expected to build even further in 2014. He said, "We are confident about the growth Dubai will experience in 2014 and beyond... We will see double digit increases in more areas, as there continues to be strong demand from established and new markets."

He added that the Hotels division is already making preparations for the Group's mega development, 'Al Habtoor City' - a mixed-use development which will combine ultra-luxury hotel living with 5-star residential ambiance. It will include three residential towers and three world-class hotel brands from Starwood - including the first-ever St Regis in Dubai, a flagship W and a new Westin, with more than 1,600 keys between them. Plus, it will have the added attraction of purpose built theatre and permanent Franco Dragone production.

Fries said, "Our properties outside the region continue to do well and will equally see further positive contributions to the profitability of the Group."
Al Habtoor added, "Dubai's economy is very strong, and since our successful bid to host Expo 2020 it will only get stronger. We have to be mobilized and ready to welcome the additional visitors. I want to ensure that we give each guest the quality of service they deserve. We want to ensure that once a guest has visited one of our properties, that they want to return."

 


Arab Times




  MENA News Headlines
 Jul 4 2015 - Russian cargo ship heads to ISSThe Peninsula
(MENAFN - The Peninsula) A Russian Soyuz rocket blasted off yesterday to deliver a cargo ship loaded with food, water and equipment to the International Space Station, breaking a string of launch ...

 Jul 4 2015 - Doha Bank raises QR2bn Tier 1 capital-boosting bondThe Peninsula
(MENAFN - The Peninsula) In March, the bank said that it would issue capital-enhancing bonds with a perpetual tenor and an option for the bank to redeem them after six years, to boost the bank's Tier ...

 Jul 4 2015 - Qatar stock index edges lower this weekThe Peninsula
(MENAFN - The Peninsula) Qatar Stock Exchange (QSE) index edged lower this week when the bourse closed Thursday at 12,121.08 points, down 12.15 points, or 0.10 percent.The traded value of QR 1.32bn ...

 Jul 4 2015 - Mideast passenger demand growth soars 14pc: IATAThe Peninsula
(MENAFN - The Peninsula) The International Air Transport Association (IATA) announced global passenger traffic results for May showing strong demand growth compared to May 2014 for both domestic and ...

 Jul 4 2015 - Qatar- Milaha acquires 100pc controls in two liquefied gas carriersThe Peninsula
(MENAFN - The Peninsula) Milaha announced that its wholly owned subsidiary, Qatar Shipping Company, acquired the remaining 60 percent interest in each of the two entities that own the liquefied ...

 Jul 4 2015 - Tunisia arrests eight with 'direct links' to beach massacreThe Peninsula
(MENAFN - The Peninsula) Tunisia has arrested eight people in connection with last week's jihadist massacre at a seaside resort, as the remains of more British victims were set to be flown home ...

 Jul 4 2015 - Egyptian air strikes kill 23 militants in North Sinai: sourcesThe Peninsula
(MENAFN - The Peninsula) Egypt launched air strikes on Islamist militant targets in the Sinai peninsula on Thursday, killing 23 fighters a day after the deadliest clashes in the region in years, ...

 Jul 4 2015 - Saudi opens privatised airport for pilgrimsThe Peninsula
(MENAFN - The Peninsula) Saudi Arabia yesterday officially opened a billion-dollar aviation gateway aimed at pilgrims, in its first airport privatisation. Local media said Custodian of the Two Holy ...

 Jul 4 2015 - Kuwaiti Sunni and Shi'ite worshippers, pray together with Emir showing unityThe Peninsula
(MENAFN - The Peninsula) Kuwait deployed unprecedented security measures around Shiite mosques for Friday prayers following last week's deadly bombing, as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Top jihadist from Tunisia killed by US strike in LibyaThe Peninsula
(MENAFN - The Peninsula) A top Tunisian jihadist was killed by a US airstrike in Libya last month, The New York Times reported Friday.The jihadist, Seifallah Ben Hassine, also known as Abu Ayadh, was ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help