More than 70% occupancy of Sharjah National Hotels Company during H1 2017

  • Saturday 26, August 2017 in 5:14 PM
Sharjah 24: Sharjah National Hotels Company, a subsidiary of Sharjah Islamic Bank (SIB), recorded strong performance during the first half of this year to confirm the emirate’s attraction as a preferred destination for families.
The company reported an average of more than 70% occupancy during the first six months of 2017. Strong performance during the first half of the year helped the group raise and increase the rate of available room revenues from last year. This saw a one-digit growth in the first half of 2017 compared to last year.

As a result, the total income of Sharjah National Hotels Co. for the period from January to June increased by 5% compared to the same period last year. Net operating profit increased to more than AED 1 million over the same period in 2016.

Commenting on this increase, Ian Phillips, Chief Executive Officer of Sharjah National Hotels Company said "We are very pleased to achieve these results. The company's success levels have been encouraging so far and seem to be in line with our expectations and targeted growth for this year”. "The second half of each year is always much better than the first half, which helps us achieve our strategic goals for the year," he added.