The ongoing restrictions on travel in the region and around the world continue to weigh on the hospitality business, the UAE’s National Corporation for Tourism & Hotels (NCT&H) said.
The resorts and hotels operator reported a consolidated net profit of 25.3 million dirhams ($6.8 million) for the first three months of 2021, a slight improvement from the 23.96 million dirhams recorded a year earlier.
However, the company said the effects of the pandemic, which continues to rage in other markets, are still being felt in the UAE. The company owns and manages several properties in Abu Dhabi’s hospitality industry, including the Intercontinental Hotel, Danat Al Ain Resort and Danat Jebel Dhanna Resort.
“The corporation’s hotels division are still feeling the impact of the ongoing COVID-19 pandemic, with travel restrictions both internationally and locally affecting the demand for hospitality business,” the company said in a bourse filing to the Abu Dhabi Securities Exchange…