Q2-18 Financial Results Highlights
Operating Environment
Financial & Operating Performance
Emirates NBD Profile
Appendix
Strategy
Dubai Economic Update (2/3)
Highlights
Passenger traffic at the Dubai International Airport (DXB) decline to
50.5mn in Jan-July 2018, down by 1% y-o-y
Dubai Airports passenger traffic
55
million pax
•
Passenger traffic is expected exceed 90 million in 2018, according to
Dubai Airports
45
35
•
Dubai's hotel occupancy averaging 75% in Jan-July 2018 down from
76.2% in the same period a year ago
·
The supply of hotel rooms in Dubai increased by 5.6% y-o-y in H1
2018 to 102,164 rooms. The Department of Tourism and Commerce
Marketing (DTCM) is targeting 140,000 to 160,000 hotel rooms by the
end of the decade
Hotel occupancy and RevPAR
100
%
90
80
70
60
50
40
30
Emirates NBD
5
1600
million tons
1500
1400
1300
51.1
50.5
48.1
45.0
1200
39.8
38.0
25
32.9
29.3
1100
15
1000
Jan-Jul
2011
Jan-Jul
2012
Jan-Jul
2013
Jan-Jul
2014
Jan-Jul
2015
Jan-Jul
2016
Jan-Jul
2017
Jan-Jul
2018
Passenger traffic (LHS)
Cargo traffic (RHS)
Source: Dubai Airports, Emirates NBD Research
Top 10 visitors by nationality in Jan-Jun 2018
y/y growth 20
% of total 8.10mn visitors
15
10
5
0
-5
-10
-15
-20
-25
Jan-13 Aug-13 Mar-14 Oct-14 May-15 Dec-15 Jul-16 Feb-17 Sep-17 Apr-18
Average hotel occupancy rates, % (LHS)
Average revenue per available room, y/y growth, 3M MA (RHS)
Source: STR Global, Emirates NBD Research
India
13.4%
Other
41.2%
Saudi Arabia
9.2%
Pakistan
3.0%
Germany
3.7%
UK
7.4%
China
5.6%
Russia
5.0%
Oman
USA
4.8%
4.0%
Source: Department of Tourism and Commerce Marketing, Emirates NBD ResearchView entire presentation