Delivering Robust Growth
Hospitality Assets Deliver Steady Performance
Emaar Hotels:
Strong Rebound in Performance during Challenging Market Environment
Able to maintain healthy EBITDA margin with operating
costs under control
Hospitality sector was the key beneficiary of Expo
(Emaar is the Hospitality partner for Expo)
✓ Adopted selective asset-light strategy for growth1
✓ Healthy pipeline of 29 hotels under development, more
than 2/3rd of which are under management contracts
Established brands - Address Hotels & Resorts, Palace
Hotels & Resorts, Vida Hotels & Resorts and Rove²
Hotels
ADRs and Occupancy are higher than the average of
Dubai's market
Hospitality Business:
Resilient & Profitable
In AED Mn
49.9%
44.6%
39.2% 37.8%
30.8% 30.2%
24.2% 25.5% 24.8% 22.3%
1,681 1,677
1,515
1,405 1,390 1,391
1,119
669
1,559
1,250
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Revenues
EBITDA Margin %
1) Sold 7 hotel assets since 2019 while continuing to operate such hotels under long-term Hotel Management
Agreement; 2) A JV with Meraas
16 | EMAARView entire presentation