The company has reported revenues of Dhs144M for the year ended December 31 2020, a 71 per cent decrease from the year before.
The company’s operations were heavily impacted by the impacts of the Coronavirus pandemic which saw the Dubai Parks and Resorts shutter from March to September 2020. Theme parks remained the highest contributor to total revenues, with Dhs97M reported in 2020 followed by Lapita Hotel and Riverland revenues, which contributed Dhs38M and Dhs7M respectively.
Remi Ishak, acting Chief Executive Officer and Chief Financial Officer, DXB Entertainments commented: “2020 was a tremendously challenging year with major disruptions in travel and tourism as a consequence of the Covid-19 pandemic.
The closure of the destination for a period of approximately six months had a significant impact on our operations and financial performance. We implemented our contingency plans and realised further cost savings during the year which partially mitigated the decline in revenues.”
Looking forward to 2021, the company has commented that they intend to continue looking for ways to implement further operating efficiencies, whilst preparing for the return of visitors.
