|14 January, 2019

Dubai Parks and Resorts reports 22% growth in visits for FY 2018

Almost 2.8 million visitors to Dubai Parks and Resorts during 2018

Lapita™ Hotel occupancy rose to 60% compared to 35% last year

DXB Entertainments PJSC (DFM:DXBE) today announced that Dubai Parks and Resorts, the region’s largest integrated theme park destination, attracted almost 2.8 million visits during 2018, an increase of 22% compared to last year. Growth was driven by the successful integration of the annual pass program, increased occupancy and therefore visitation from the Lapita™ Hotel and increased footfall from international tourists.

In Q4 2018, Dubai Parks and Resorts recorded over 819 thousand visits, compared to 796 thousand in the same period last year. The last quarter of the year benefitted from winter seasonality, with Halloween, UAE’s 47th anniversary, and the winter school break and holidays boosting visitor numbers. During the quarter, Dubai Parks and Resorts treated visitors to special shows and promotions to celebrate the winter holidays. The Lapita™ Hotel average occupancy rose to 60% in 2018, showing significant improvement compared to 35% occupancy reported last year with occupancy peaking close to 100% during certain days in December and an average 63% in Q4.

Mohamed Almulla, CEO and Managing Director, DXB Entertainments, said “We are pleased to announce solid growth in visitor numbers during 2018, as Dubai Parks and Resorts establishes itself as the leading leisure and entertainment destination for the region.”

“2018 delivered a 22% increase in visits compared to last year with 40% of overall footfall from international tourists, demonstrating that our strategic partnerships with Emirates Airlines, RTA and Dubai Airport, as well as China’s Union Pay, are showing good results. Lapita Hotel average occupancy has seen significant growth this year reaching 60%, compared to 35% last year, positioning itself as an attractive and unique family holiday resort in the UAE and the region.”

“Looking ahead to 2019, our priority is to continue increasing footfall from international tourists, which is a key growth driver for the destination, while also maintaining the solid base of local and regional visitors. I am excited to start the new year on a strong foot and on behalf of the team, we all look forward to continue on this growth trajectory during 2019 and beyond.”

-Ends-

For further information, please contact:
Marwa Gouda, Head of Investor Relations, DXB Entertainments PJSC
Abdulrahman Alsuwaidi, Investor Relations Officer, DXB Entertainments PJSC
+97148200820
IR@dxbentertainments.com
Jon Earl, Managing Director, FTI Consulting
+97144372104
jon.earl@fticonsulting.com 

Anca Cighi, Director, FTI Consulting
+97144372111
anca.cighi@fticonsulting.com 

DXB Entertainments PJSC
DXB Entertainments PJSC (previously Dubai Parks and Resorts PJSC) is a Dubai-based operator of leisure and entertainment destinations and experiences. The Company is traded on the Dubai Financial Market (DFM) under the trading symbol DXBE. We bring together a diverse portfolio of world-class brands to offer entertainment in the areas of theme parks, family entertainment centres and retail and hospitality.

DXB Entertainments is the owner of Dubai Parks and Resorts, the region’s largest integrated theme park destination, with five Theme Parks (Six Flags Dubai under development), two Hotels (LEGOLAND® Hotel under development), and one retail and dining facility all spread over 30.6 million sq.ft of land, with an estimated AED 13.2 billion in development costs.

DXB Entertainments also manages six Dubai-based mid-way attractions in addition to a chain of cinemas, all owned by Meraas.

With a diverse portfolio of 16 leisure and entertainment assets, DXB Entertainments is the largest leisure and entertainment company in the region.

For more information, go to: www.dxbentertainments.com 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases