Rotana expects faster return to pre-pandemic growth levels by year-end, CEO says – The National

Rotana expects faster return to pre-pandemic growth levels by year-end, CEO says – The National

Abu Dhabi-based hotel operator Rotana expects a faster return to pre-pandemic levels of business by the end of this year — from an earlier forecast of 2023 — spurred by a growth in tourist numbers, return of business meetings and the Fifa World Cup in Qatar, its president and chief executive said.

The hospitality group anticipates “nothing less” than a 20 per cent to 25 per cent increase in revenue this year compared to 2021 and another 15 per cent to 20 per cent year-on-year rise in 2023, Guy Hutchinson told The National on the sidelines of the Future Hospitality Summit in Dubai.

Backed by strong investor appetite in hospitality development, Rotana is planning seven more hotel openings by the end of this year, Mr Hutchinson said. Seven more property openings are planned for 2023, though these could double by the end of next year amid continuing discussions.