Emirates News Agency – 122% increase in profits at Sharjah National Hotels Marbella and Oceanic Resorts

Sharjah, 3 August / WAM / Sharjah National Hotels Company, a group of hotels and resorts in the emirate of Sharjah, in association with Sharjah Islamic Bank, reached 122 in the first half of this year. % average increase in gross profit, and percentage of gross income increased by 38%, bringing the total income of Sharjah National Hotels Company closer to pre-exception levels in the second half of 2022 with respect to “Covid-19”. Shows consistent returns on customer confidence.

Based on the joint operation of two operating hotels, “Marbella Resort Sharjah” and “Oceanic Korfakan Resort and Spa”, the company announced that the occupancy rate reached 67%, indicating the attractiveness of the Sharjah Emirate. and is a favorite global tourist destination for families, enriching their experience and boosting their confidence.

Ian Phillips, Chief Executive Officer, Sharjah National Hotels, said: “This growth achieved in the first half of 2022 results is in line with our strategy to promote and support tourism as one of the most important pillars of the national economy. The country, in addition to our continuous effort to provide an exceptional, diverse and innovative tourism experience, in order to consolidate the leading cultural position that the emirate enjoys among global destinations.

Ian Phillips added: “The summer months are already positive with strong bookings for Eid Al Adha and the school holiday period. Summer is a special tourist attraction. At the end of the third quarter of the year, we should be able to reopen a hotel.” Holiday International has been completely renovated and given its strategic location in the Emirate of Sharjah, which has great tourist value, we believe the change will be welcomed by all.

Sharjah National Hotels Company is exploring more growth opportunities to expand its portfolio of managed hotels and catering contracts, to complement and create existing contracts, and to develop a common and integrated development plan for all buildings, facilities and services. The company’s tourist hotels are represented by “Marbella” Resort and “Holiday” Hotel. International” and “Oceanic Korbakan Resort & Spa”, which contributes to achieve greater attractiveness.