Habtoor Hotels is predicting a healthy financial growth in 2012 following the recent presentation of its business plan for the coming year.
Results for 2011 and the plan for 2012 were presented to Khalaf Al Habtoor, the Chairman of the Al Habtoor Group, as well as the company’s Vice-Chairman and CEO Mohammed Al Habtoor, and the group’s directors on November 30, 2011.
Habtoor Hotels owns and operates four luxury hotels in Dubai and has been in business for the last 30 years. The wellknown Metropolitan Hotel on Sheikh Zayed Road was in fact its first venture.
Its four Dubai establishments have seen impressive results in 2011 and have maintained a robust share of the hospitality market. As a result, the hotels management team is optimistic for the year 2012, predicting a growth of 10 per cent in revenue and 17 per cent in GOP over the next year.
The Chairman of the Al Habtoor Group, Khalaf Al Habtoor said: “We’re very pleased with Habtoor Hotel’s performance in 2010, and I’m confident that its management will produce results that exceed our expectations in the coming year. Dubai remains one of the most popular destinations in the world for all kinds of tourism and in the recent years has become a hub for business tourism.”