DXB Entertainments Investor Relations
  • DXB Entertainments
  • Investor Relations
  • Careers
  • Contact Us
  • Home
  • Financial Information
    • Financial Press Releases
    • FYE 2020 Financial Results Communication Materials
    • Q3 2020 Financial Results Communication Materials
    • H1 2020 Financial Results Communication Materials
    • Presentations
    • Quarterly Results
    • Financial Statements
    • Regulatory Announcements
    • Company Factsheet
  • Share Information
    • Share Price Information
    • Analyst Coverage & Consensus Estimates
  • General Assembly Meetings
  • Corporate Governance
    • Corporate Governance
    • Corporate Governance Framework
    • Committees
    • Corporate Governance Reports
  • Annual Report
    • 2018 Annual Report
    • 2017 Annual Report
    • Annual Reports
  • IR Contacts
FILTER BY DATE
< 2022
  • jan
  • feb
  • mar
  • apr
  • may
  • jun
  • july
  • aug
  • sep
  • oct
  • nov
  • dec
  • DXB Entertainments PJSC Announces Financial Results for the First Nine Months of 2020 4 Nov 2020
  • DXB Entertainments PJSC Announces First Half 2020 Financial Results 13 Aug 2020
  • DXB Entertainments PJSC Announces Q4 2019 adjusted EBITDA of AED 2 million 9 Feb 2020
  • DXB Entertainments PJSC Announces Financial Results for the First Nine Months of 2019 14 Nov 2019
  • Dubai Parks and Resorts reports visitation for the first nine months of the year 30 Oct 2019
  • DXB Entertainments PJSC Announces First Half 2019 Financial Results 8 Aug 2019
  • Dubai Parks and Resorts reports visitation for H1 2019 15 Jul 2019
  • DXB Entertainments PJSC Announces Financial Results for the first 3 months of 2019 14 May 2019
  • Dubai Parks and Resorts reports visitation for Q1 2019 11 Apr 2019
  • DXB Entertainments PJSC Announces 2018 Full Year Audited Financials and Results of Strategic Review 28 Mar 2019
LOAD MORE
Press releases

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

13 January, 2019
  • facebook
  • twitter
  • linked-in
  • email

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

  • facebook
  • twitter
  • linked-in
  • email

Financial Information

  • Presentations
  • Quarterly Results
  • Financial Statements
  • Regulatory Disclosures

Share Information

  • Share Graph
  • Investment Calculator
  • Share Price Alert
  • IR Calendar

Corporate Governance

  • Corporate Governance
  • Committees
  • Corporate Governance Reports

DXB Entertainments IR

IR@dxbe.ae

Financial PR Agency

anca.cighi@fticonsulting.com

General Inquiries

contact@dxbe.ae
  • Contact Us
  • Terms & Conditions
  • Ethics Line
© Copyright DXB Entertainments. All rights reserved.