Revenue report

Abu dhabi National Hotels (ADNH) recorded operating revenue figures amounting to Dh701 million ($190.8 million) for the half year ended on June 30. The hospitality company’s diverse assets, including interest in hotels, catering, transport and retail, stood at Dh9.49 billion ($2.58 billion) as of June 30.  

“The first half of 2015 has been a successful period for ADNH and its business divisions,” says 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 per cent 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 Italian and Mediterranean tastes, as well as a celebrity chef name as a valuable addition to the city dining landscape. 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.

Other ADNH business divisions have had an outstanding performance during the first six months of the year. Al Ghazal Transport recorded an eight per cent revenue increase as compared to the same period of 2014. Overall, 36 per cent 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 per cent as compared to the same period in 2014.