Hotel firm's profits rise 6.8pc
The Abu Dhabi National Hotels Company (ADNHC) made a net profit of Dh160 million ($43.57 million) for 2000, a 6.8 per cent increase over the previous year. A cash dividend of Dh5 per share plus a bonus share issue of 20 per cent (one share for every five outstanding shares) has been declared. Holiday Inn Bahrain wins top award MANAMA: The Holiday Inn in Bahrain has won two of the top awards presented by Bass Hotels and Resorts to recognise top performers among its properties in the Middle East and Africa. The hotel received the best hotel and best guest and employee satisfaction awards in the midscale category. Ramses Hilton deal extended CAIRO: The Arab International Company for Hotels and Tourism and Hilton International have extended their management and lease agreement for Cairo's Ramses Hilton for a further 20 years. The signing ceremony was presided over by Dr Hassan Abbas Zaki, chairman, Arab International Company for Hotels and Tourism and Jurgen Fischer, president for Europe, Middle East and Africa, Hilton International. Both companies said they were proud of their partnership which has paid healthy dividends over the years. Radisson SAS directory hits stands MANAMA: A total of 563 hotels in 63 countries worldwide are included in the new Radisson SAS Hotels & Resorts directory, also featuring eight Middle East properties of the hotel chain. Among the directory's debutantes is the Diplomat Radisson SAS hotel in Bahrain, which was launched recently. Dusit Dubai to be official hotel for Index DUBAI: The new Dusit Dubai will be the official hotel for the annual Index interiors and furniture exhibition in Dubai, UAE, the event's organiser Dmg Index Exhibitions said. "As one of the closest hotels to the Dubai World Trade Centre (DWTC), Dusit Dubai has trade shows, their exhibitors and visitors as key customer targets," said Steve Jones, director of sales and marketing, Dusit Dubai. "As Index is now the largest event to be held at the DWTC, it was essential that we built a working relationship with them." Oberoi opens UAE office DUBAI: India's Oberoi Group has opened a sales and marketing office in Dubai, UAE, in order to further promote its worldwide properties throughout the region. "The focus will be on promoting Oberoi's hotels and resorts in Australia, Indonesia, Sri Lanka, Mauritius, Egypt, Saudi Arabia and India as well as the Trident hotels in Saudi Arabia and India," said Middle East sales manager Randhir Narayan, who will be in charge of the new office. Dubai Ritz-Carlton wins award DUBAI: THE Ritz-Carlton, Dubai has been named the "Best Overseas Hotel" in the Incentive Travel Category of the Meetings and Incentive Travel Awards 2001 at a glittering awards ceremony in London. Julian Hagger, Associate Director of Sales at The Ritz-Carlton, Dubai, and the person responsible for the group and incentive market within the hotel, said the award was a valuable endorsement of the hotel's commitment to this important market segment.