Wednesday 22 November 2017

Dubai theme parks a real rollercoaster for investors | ZAWYA MENA Edition

Dubai theme parks a real rollercoaster for investors | ZAWYA MENA Edition:

"DXB Entertainments has experienced a tough 12 months since opening the doors to the first phase of Dubai Parks and Resorts last year. The full scale of the challenge it faces was laid clear last week as it reported its third quarter results to September 30. In initial financial projections released in December last year, DXB Entertainments was forecasting full-year revenue of almost 2.447 billion UAE dirhams ($666.2 million) for 2017, based on 6.7 million park visitors and revenue spend of 304 UAE dirhams per head. Although it still has one quarter to go, the firm would require rollercoaster-level proportions to hit these targets."



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