Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The company said in its annual statement that growth was driven by the successful integration of the annual pass programme, increased occupancy and therefore visitation from the Lapita Hotel and increased footfall from international tourists.
The company didn't disclose its 2018 financial results. In 2017, it posted a loss of Dh1.11 billion as compared to Dh485 million in the previous year. It recorded Dh552 million revenues in 2017.
Despite increased visitor numbers, DXB Entertainments shares plunged 2.67 per cent to Dh0.255 on Monday.
The company said it benefitted from winter seasonality, Halloween event, the UAE's 47th anniversary, winter school break and holidays in Q4 2018.
The Lapita Hotel average occupancy rose to 60 per cent in 2018, showing significant improvement compared to 35 per cent occupancy reported in 2017, with occupancy peaking close to 100 per cent during certain days in December and an average 63 per cent in Q4.
Mohamed Almulla, CEO and managing director, DXB Entertainments, said 40 per cent of overall footfall came from international tourists, demonstrating benefits of its partnerships with Emirates airline, RTA and Dubai Airport, as well as China's Union Pay.
"Looking ahead to 2019, our priority is to continue increasing footfall from international tourists, which is a key growth driver, while also maintaining the solid base of local and regional visitors. We look forward to continue on this growth trajectory during 2019 and beyond," Almulla said.
- waheedabbas@khaleejtimes.com
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026
The project’s aim is to generate funds for Harmony House, an orphanage located in India's Gurgaon