Investor Presentaiton
Hospitality Assets Deliver Steady Performance
Steady Performance in a Difficult Market Environment
Emaar Hotels:
Able to maintain healthy EBITDA margin in a weak
market with operating costs under control
Hospitality sector will be the key beneficiary of Expo
(Emaar is also the Hospitality partner for Expo)
ā Adopting an asset-light strategy for growth1
Hospitality Business:
Resilient & Profitable
EMAAR
In AED Mn
37.9%
33.7%
30.8% 30.2%
23.9% 24.7%
25.5% 23.9%
1,681 1,677
1,515
1,438
1,520 1,559
1,339
Healthy pipeline of 25 hotels under development, 2/3rd of
which are under management contracts
912
Established brands - Address Hotels & Resorts, Vida
Hotels & Resorts and Rove Hotels
2013
2014
2015
2016
2017 2018 2019* 2020*
ADRs and Occupancy are higher than the average of
Dubai's market
Revenues
EBITDA Margin %
16 |
1.
Sold 5 hotel assets in 2019 and 2 in 2020 while continuing to operate such hotels under long term Hotel
Management Agreement.
EMAAR PROPERTIES
* 2020 (AED 123 Mn) and 2019 (AED 41 Mn) includes revenue from sales of hotel rooms by Rove City Walk.View entire presentation