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FINANCIAL NEWS
Kempinski’s ME, Africa operating profit up 20% in 2012
11 Dec 2012
(MENAFN) Kempinski COO, Duncan O’Rourke, stated that operating profit for the company’s Middle East and Africa hotels jumped 20 percent in 2012 from a year ago, reported Arabian Business.
O’Rourke said that at the current time, the Geneva-based operator has 14 operating hotels across the region, in addition to 16 properties in the pipeline.
Europe’s oldest luxury hotel group will launch hotels in Saudi Al Khobar and Riyadh in 2013; however, it suspended work on new 2 hotels in Syria and another two in Lebanon as a result of the Arab Spring.
The COO said that the company plans to recruit nearly 500 entry level employees for across-the-board management, including management training, sales and marketing, food and beverage, engineering and IT as it expands heavily in the region, adding that the firm will target GCC nationals for jobs.
It is worth noting that Kempinski’s overall revenues in 2012 grew by 14 percent on annual basis.
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