The founder and chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, revealed that the results achieved by the group in the first quarter of 2021 were better than expected, thanks to the recovery in the UAE after the outbreak of the Covid-19 pandemic.
Reviewing the state of the hospitality and hotels sector in Dubai, and the business sectors of his group, Al Habtoor said, “The hospitality sector in Dubai is moving at a steady pace towards recovery,” expecting that results in 2021 will surpass those achieved in 2019.
Better than expected
In detail, the founder and chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, said, “The results achieved by the group in the first quarter of 2021 were better than expected, thanks to the recovery in the UAE after the outbreak of the (Covid-19) pandemic.”
Al Habtoor added that “the group took measures at an early stage in 2020 to be able to withstand the repercussions of the pandemic, which continues to affect large parts of the world, including industrialized countries,” pointing out that the pandemic afflicting the world surprised everyone. A time when work in a large number of sectors around the world stopped, or faced collapse, especially the tourism and travel sector.
He continued: “Some major countries in the world have failed to deal with the virus and address its effects, and a large number of countries are still struggling to control the pandemic, by imposing one closure after another, with the grave repercussions that this has on commercial operations and economic recovery.”
Al Habtoor praised the approach taken by the UAE government in dealing with the crisis, saying: “The UAE has been a model to be followed from the beginning. We have proven our excellence in crisis management,” praising the collective efforts made by the government and the willingness shown by the local community to support these measures.
Real estate sector
Speaking about the diverse business areas in which his group is involved, Al Habtoor noted that the real estate sector in Dubai achieved strong sales growth of 17% in January 2021, compared to the same period the previous year.
He said, “We have witnessed strong growth in the real estate sector, with an increase of more than 300% in sales, compared to the same period last year. What motivates this growth is investor confidence in the real estate market in Dubai, and the high quality of the offered product, ”noting that a large number of buyers in the Middle East and parts of Europe and the United States believe that the UAE, especially Dubai, provides a safe and stable environment for everyone who lives on Her land.
The hospitality sector
Al Habtoor said, “The hospitality sector in the UAE has been able to withstand the impact of the pandemic and restore a healthy level of business,” noting that the sector’s hotels have recorded a steady increase in occupancy rates. He continued, “Our resilience and our ability to adapt to the needs of the market have played a fundamental role in our success.”
He referred to the classification of the UAE, finally, as “the most popular tourist destination for the year 2021”, in a study conducted by the International Travel Company (Cooney), which revealed that the UAE is the most searched destination for 2021 in 11 countries.
Al Habtoor pointed out that the “surge” in the number of hotel visitors contributed to the recovery of occupancy rates in Dubai, which reached 71% during December 2020, the highest level since February 2020, while it ranged between 50 and 70% during the past three months across the Emirates.
Al Habtoor added, “It is true that people do not come from countries subject to closure, but we receive guests from countries where travel is still permitted, such as the Commonwealth of Independent States, Eastern Europe, and the United States.”
Al Habtoor acknowledged that it was difficult to see hotels closing their doors at the beginning of the “Covid-19” crisis, and said: “I am happy that hotels are back to life again, and that the hospitality sector in Dubai is moving steadily towards recovery.” On those achieved in 2019.
Transparency of authorities
Al Habtoor attributed the success of the UAE to its excellent performance in crisis management and the transparency of the authorities, as well as the cooperation between the private and public sectors. One of them, as we at (Al Habtoor Group) quickly implemented the business continuity plan, with a focus on increasing individual production and controlling expenditures. ”
Sectors of the group
Al Habtoor revealed that other sectors in the group are doing well, as the Diamondlease Rent A Car Company increased its fleet size by 24% to reach more than 10,000 vehicles from March 2020 to March 2021, while the utilization rate reached 90%.
He also pointed to the strong results achieved by Al Habtoor Motors, which are consistent with pre-pandemic figures, as well as the increased demand for enrollment in the Emirates International School in its two branches.
Al Habtoor said, “My faith is stronger than ever before, that Dubai is a safe haven for investors and business, and I am proud to raise the flag of my country, Al Mabrouka, UAE ..”
Vaccine and real estate recovery
The founder and chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, praised the Ministry of Health and Community Protection for its initiative in distributing the anti-COVID-19 vaccine quickly, saying: “The UAE provides more than 120,000 doses of vaccine per day. To date, more than eight million vaccine doses have been provided in the country, at a time when the UAE is moving at a steady pace, until it becomes the first country in the world to finish providing the vaccine to all its inhabitants, stressing that “this is one of the reasons behind the recovery witnessed by some Sectors, such as real estate and hospitality ».
Habtoor Hospitality … 20% growth
The founder and chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, praised the creativity of the work teams at Habtoor Hospitality, stressing that they reinvent the sales approach and search for offers and opportunities to revitalize the market again. “Some of our hotels have already achieved 20% more growth compared to the same period last year,” he said.
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