Investor Presentaiton
17
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 growth
Hospitality Business:
Resilient & Profitable
EMAAR
In AED Mn
37.9%
30.8%
30.2%
23.9% 24.7%
25.5% 23.9%
1,681
1,677
1,515
1,520 1,559
1,438
1,339
Healthy pipeline of 31 hotels under development, 2/3rd of
which are under management contracts
Established brands - Address Hotels & Resorts, Vida
Hotels & Resorts and Rove Hotels
2013
2014
2015
2016
2017
2018
2019*
ADRs and Occupancy are higher than the average of
Dubai's market
Revenues
EBITDA Margin %
EMAAR PROPERTIES *2019 includes revenue from sales of hotel units by Rove City Walk of AED 41 Mn.View entire presentation