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Commenting on the results, Chairman of ADNH, His Excellency Saif Mohamed Al Hajeri said,
"ADNH continued to thrive across all business divisions. Hotel operations are performing positively as high rates of occupancies and stable room rates were registered in all International and Al Diar hotels. We are proud to note that the catering and general purchasing divisions have in particular boosted their performance and achieved significant increases on business levels as compared to the same period in 2008. A busy event schedule at ADNEC, strong marketing initiatives driven by ADTA and the continued addition of new routes by Ettihad Airways serve to enhance the performance of ADNH."
CEO of ADNH, Richard Riley added, "ADNH will continue to grow its portfolio of properties, with the construction of the Grand Canal Abu Dhabi in the two bridges area which we hope will be delivered on schedule for its 2010 opening. In addition, construction works on the Park Hyatt Saadiyat Island property have commenced and are ahead of schedule. They are due for completion early 2011."
Riley said that the 438-room, five star, Sofitel Jumeirah Beach Hotel, is now in its pre-opening phase which will increase ADNH's property portfolio in Dubai.
"With strong performance for the first nine months and a positive outlook for the remainder of the year, ADNH is confident of achieving record results for 2009", he concluded.
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Posted by Rima Ali Al Mashni
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