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FINANCIAL NEWS
Habtoor Hotels’ revenue up 12 percent in 2013
15 Dec 2013
(MENAFN) Al Habtoor’s hotel unit in Dubai announced that revenues increased 12 percent in 2013, with a similar powerful growth expected for 2014, Arabian Business reported.
Group director at Habtoor Hotels said that the increase in revenue was due to an increase in average rate and occupancy.
He said: “Our properties outside the region continue to do well and will equally see further positive contributions to the profitability of the Group.
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