DXB Entertainments sees 3.33% fall in Q2 revenue | GulfNews.com

DXB Entertainments sees 3.33% fall in Q2 revenue | GulfNews.com:

DXB Entertainments reported a 3.33 per cent fall in second-quarter revenue to Dh116 million, compared to Dh120 million a year ago, due to lower visitor numbers.

Out of the Dh116 million, Dh80 million was generated through theme parks, Dh5 million through retail and Dh17 million through hospitality, the theme parks operator said in a statement on Thursday.

In a statement to the Dubai Financial Market (DFM), the company said that hospitality revenue increased year on year by 47 per cent to Dh17 million in the quarter. Average occupancy stood at 46 per cent and the average daily rate stood at Dh556 for the second quarter.