Amid Covid-19 pandemic the financial performance of Abu Dhabi National Hotels Company (ADX:ADNH) has seen decrease in profitability and efficiency ratios due to exponential reduction in travel & tourism activities which had imposed significant pressure not only on our hotels, but on the hospitality industry worldwide resulting in lower occupancy and revenue per room.
The ease of Covid-19 restrictions in the UAE and Abu Dhabi, which was followed by removal of almost all restrictions in early 2022 enabled ADNH hotels & subsidiary businesses to recover and return to prepandemic financial performance.
ADNH has managed to increase its net profit from AED 272.71 million in 2021 to around AED 420 million in 2022.
Abu Dhabi National Hotels Company achieved 54% growth in profits end of 2022.
ESG Performance Highlights
Abu Dhabi National Hotels Company continuously strives to strengthen its sustainability program. Working proactively to strengthen its commitment to making a lasting positive impact on the environment and community by following its principles of working in a socially and environmentally responsible way. In this respect, we set short-term and long-term goals to propel our sustainability program, including:
- Reducing our Carbon Footprint across the ADNH portfolio by decreasing commuting emissions through organized communal transport.
- Promoting of “reduce, reuse, and recycle” policies through efficient use of materials and resources including water, electricity, raw materials and other resources, particularly the non-renewable ones.
- Actively working towards achieving ‘Green Key’ certification across all our properties which include the purchase and use of environmentally responsible products that have been selected based on the criteria of low toxicity, durability, use of recycled materials, reduced energy and/or water consumption.
- Regularly communicate our sustainability program to all our stakeholders and encourage them to support it.
- Al Ghazal Transport, our transport division, continues to recycle used car parts, tyres & oil to prevent polluting the environment by conserving landfilled space. Further, with the inclusion of Hybrid & Natural Gas vehicles there is less fuel consumption and lower CO2 emissions.
