Economy Health Local 2025-11-14T10:13:50+00:00

Abu Dhabi National Hotels Profit Down 70.5%

Abu Dhabi National Hotels recorded a net profit of 348 million dirhams in the first nine months of 2023, down 70.5% from the same period last year. The decline is linked to the aftermath of the COVID-19 pandemic.


Abu Dhabi National Hotels Profit Down 70.5%

Abu Dhabi National Hotels reported a net profit of 348 million dirhams in the first nine months of the current year, a 70.5% decrease compared to 1.18 billion dirhams in the same period last year.

During the reporting period, the company faced a significant decline in revenue due to the COVID-19 pandemic, which had a major impact on the tourism industry. Despite the challenges, the company's management expressed confidence in the sector's recovery in the near future.