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
 Nov 28 2014 - Aljazeera to hold global hackathonThe Peninsula
(MENAFN - The Peninsula)   Aljazeera is organising its first hackathon where some of the most innovative minds in media and technology from around the globe will work together and collaborate on the ...

 Nov 28 2014 - GCC 'Summit key to boosting unity'The Peninsula
(MENAFN - The Peninsula)  H M King Hamad bin Isa Al Khalifa of Bahrain yesterday met GCC Secretary-General Dr Abdullatif bin Rashid Al Zayani, who is on a GCC tour.King Hamad stressed the importance ...

 Nov 28 2014 - India- New visa rules to boost tourist numbersThe Peninsula
(MENAFN - The Peninsula)   Tourists travelling to India from 43 countries, including the US, will no longer have to queue at their local consulates to obtain visas after New Delhi yesterday announced ...

 Nov 28 2014 - Pakistan talking to Qatar about LNG imports in 2015The Peninsula
(MENAFN - The Peninsula)  Energy-starved Pakistan is negotiating with Qatar to begin imports of liquefied natural gas (LNG) early next year, Pakistan's petroleum minister said on Friday.Pakistan is ...

 Nov 28 2014 - Gunmen shoot dead Egypt army colonel in CairoThe Peninsula
(MENAFN - The Peninsula)  Gunmen in a car shot dead an Egyptian army colonel and wounded two soldiers outside a hotel in eastern Cairo on Friday, security officials said.The attack came hours ahead ...

 Nov 28 2014 - India still searching for 39 workers abducted in IraqThe Peninsula
(MENAFN - The Peninsula)  India said Friday it was still searching for 39 construction workers abducted in Iraq in June, denying a report claiming they had been executed by the Islamic State ...

 Nov 28 2014 - Kuwait- Health policy focuses on life-saving - officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))   Assistant Undersecretary of the Ministry of Health Dr. Jamal Al-Harbi said Thursday the ministry attaches great importance to the improvement of the policies ...

 Nov 28 2014 - World Human Rights Forum begins in Marrakech, Kuwait attendsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The World Forum on Human Rights kicked off here on Thursday in the attendance of over 5,000 politicians, NGOs, experts and Nobel peace prize laureates from 94 ...

 Nov 28 2014 - Abu Dhabi Dialogue 3 approves labor awareness initiativeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The third ministerial meeting of the Abu Dhabi Dialogue (ADD-3) adopted on Thursday a regional labor awareness initiative for the Asian migrant workers.The final ...

 Nov 28 2014 - Experts shed light on motives of spreading violence among youthKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Experts have shed light on roots of mounting violence among youngsters in Kuwait, putting the blame largely on modern media and careless parents and bad ...

more...


 






Google

 
 

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