DXB Entertainment, a leading entertainment and entertainment company, today announced its financial results for the first half of the year ended June 30, 2019, revealing revenues of AED 252 million, 1.4 million visits and occupancy rate at the Lapita Hotel. »EBITDA of 63%, while EBITDA for the period was AED 81 million, compared to the first half of 2018.
EBITDA for the first half of 2018 included a one-time profit in relation to the land contribution at the Legoland Dubai.The operating cost during the first half of 2019 fell to AED 309 million, compared to AED 361 million during the period. Itself from last year.
According to the financial results, the revenues of the parks during the second quarter of this year amounted to 70 million dirhams, while the per capita revenue was 110 dirhams. Hospitality revenues totaled AED 19 million in the second quarter of 2019, with an average daily price of AED 541, reflecting summer revenues.
The company drew attention to the promotion of promotional offers on the «Independence Day of the Philippines», during the period from 12 to 15 June 2019, more than 92 thousand visits.
Dubai Parks and Resorts received more than 1.4 million visits in the first half of 2019, with international visits increasing to account for 40% of total visitors, said Mohammed Al Mulla, CEO and Managing Director of DXB Entertainment.
He added that the growth in the number of international visitors was supported by the strategy of increasing the number of hotel rooms, which was designed to attract and attract international visitors to increase revenues and maximize possible returns, pointing out that the occupancy rate in the hotel «Lapita» to 63%, compared to 55% during Same period last year.
"As we try to diversify our revenue, we have continued to focus on cost optimization, resulting in a 17% improvement in adjusted EBITDA during this period."
“Savings in operating expenses will play an important role in our strategy to achieve EBITDA in the second half of 2020, so we continue to review our cost base for greater operational efficiency, which we will announce in the third quarter of 2015. Year.
Legoland Dubai is still under construction and is expected to offer an additional 250 rooms during the first half of 2020.
• Continue to review the cost base, to achieve greater operational efficiency.