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DXB Entertainments, owner & operator of Dubai Parks and Resorts, posts $29m as 9-month revenue

DXB Entertainments, the Dubai-based owner and operator of Dubai Parks and Resorts, has reported AED109 million ($29.6 million) in revenues, 602, 000 visits and 37% occupancy at the Lapita Hotel for the first nine months of the year.

Adjusted EBITDA loss of AED114 million shows an improvement of 25% for the first nine months of 2020, compared to the same period last year, a reflection of the company’s efficiency programme and the cost mitigation initiatives implemented at the onset of the pandemic in March 2020.Consequently, operating costs for the 9M 2020 period decreased to AED205 million, compared to AED449million in the 9M2019, an improvement of 54%.

Mohamed Almulla, CEO and Managing Director, DXB Entertainments, said:

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