Latest news with #AhmedJanahi
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Gulf Hotels Group B.S.C. (GHG) announced a net profit of BD 2.452 million for the first quarter of 2025, reflecting an 8% year-on-year decrease from BD 2.663 million in Q1 2024. The decline was primarily attributed to seasonal challenges, notably reduced travel and hotel occupancy during Ramadan. Earnings per share for the quarter stood at 11 Fils, compared to 12 Fils in the same period last year. Despite the dip in net profit, the Group posted a 7% rise in total comprehensive income, which reached BD 2.542 million, up from BD 2.382 million in Q1 2024. Total revenue for the quarter came in at BD 8.611 million, down 4% from BD 8.983 million a year earlier. Meanwhile, the Group's total assets increased slightly to BD 113.786 million, up 0.8% from BD 112.862 million at the end of 2024. However, total equity (excluding minority interests) declined by 3% to BD 102.424 million. Commenting on the results, Group Chairman Mr. Fawzi Kanoo stated: 'The Q1 financials highlight the strength and resilience of our diversified portfolio. While Ramadan seasonally impacts hospitality activity, we remain optimistic about the sector's outlook, especially with ongoing government efforts to bolster tourism in Bahrain.' GHG CEO Mr. Ahmed Janahi echoed this sentiment, noting that occupancy rates across the market dropped from 54.2% to 52.1% compared to Q1 2024. Revenue per available room (RevPAR) also declined by 11.7% year-on-year due to lower demand and pricing pressures during the holy month. Looking ahead, Janahi said the Group expects stronger performance in Q2 and beyond, supported by major events such as the Formula 1 Grand Prix and Eid holidays. 'We're actively executing several strategic initiatives including integrating Gulf Hotel Bahrain into the Marriott Bonvoy loyalty programme, expanding our F&B offerings, and exploring regional growth opportunities,' he added. GHG's full Q1 financial statements are available on the Bahrain Bourse website at
Biz Bahrain
14-05-2025
- Business
- Biz Bahrain
Gulf Hotels Group announces financial results for Q1 2025
Gulf Hotels Group, a hospitality pioneer in Bahrain, announced its financial results for the first quarter of 2025, reporting a net profit of BD2.452 million compared to BD2.663 million for the same period in 2024, a decrease of 8%. Earnings per share amounted to 11 fils compared to 12 fils in the first quarter of the previous year. Total comprehensive income reached BD2.542 million compared to BD2.382 million for the first quarter of the previous year, an increase of BD160,000 or 7%. Revenue for the first quarter stood at BD8.611 million compared to BD8.983 million for the same period last year, a decrease of BD373,000 or 4%. Total equity (excluding minority interests) as of 31 March 2025 was BD102.424 million compared to BD105.532 million as of 31 December 2024, a decrease of BD3.108 million or 3%. Total assets as of 31 March 2025 were BD113.786 million compared to BD112.862 million as of 31 December 2024, an increase of BD924,000 or 0.8%. Fawzi Kanoo, Chairman of the Board, commented on the results: 'The first quarter results reflect the strength and resilience of the Group's portfolio in facing seasonal challenges. We achieved a net profit of BD2.452 million compared to BD2.663 million for the same period in 2024, despite lower travel activity during Ramadhan, which impacted hotel occupancy rates. We are optimistic about the future of the hospitality sector in the Kingdom of Bahrain, supported by ongoing government initiatives aimed at developing the tourism sector. We will continue focusing on enhancing operational efficiency, investing in promising growth opportunities, and delivering sustainable, long-term value to our shareholders.' Ahmed Janahi, Group Chief Executive Officer, said: 'The Group maintained strong performance during the first quarter of 2025, reflecting the efficiency of our operations in the hotel and food and beverage sectors, despite the decline observed in the hospitality sector in Bahrain during the first quarter of 2025. Hotel occupancy rates fell by 4%, from 54.2% in the first quarter of 2024 to 52.1% in the same period this year. Revenue per available room (RevPAR) also dropped by 11.7%. This performance was mainly due to seasonal factors, particularly Ramadhan, which typically sees a decrease in travel activity and hotel occupancy. The tourism sector is expected to witness notable improvement in the second quarter, driven by major events such as the Formula 1 Grand Prix and Eid holidays, contributing to stronger performance across our business segments and supporting growth in the upcoming period. We have also made significant progress on several strategic initiatives this year, most notably the integration of Gulf Hotel into the Marriott Bonvoy loyalty programme of Marriott International, the development of exceptional dining experiences in the hospitality and restaurant sectors, and regional expansion. These efforts aim to support the Group's sustainable growth and enhance long-term returns for our shareholders.'
Daily Tribune
01-05-2025
- Business
- Daily Tribune
Gulf Hotels Group and Marriott International advance strategic collaboration for Gulf Hotel Bahrain
Gulf Hotels Group, a leading hospitality management company with over 50 years of industry experience, announced an important step in its collaboration with Marriott International. The strategic agreement, signed in September 2024, outlines the hotel's planned transition under the Autograph Collection brand following the successful completion of a comprehensive renovation program over the next two years. A formal signing ceremony was held during the Arabian Travel Market in Dubai on April 28, 2025, marking a key milestone in this partnership. The hotel remains fully operational throughout the renovation phase, continuing to welcome guests while enhancements are progressively implemented to elevate the guest experience. Importantly, even after the integration into Marriott Bonvoy and the Autograph Collection, Gulf Hotel Bahrain will remain under the full management of Gulf Hotels Group and continue operating under its iconic name, preserving its rich heritage and distinctive identity. The phased refurbishment covers guest rooms, suites, the main lobby and reception areas, and recreational facilities. It is designed to align with the elevated design and service standards of Autograph Collection Hotels, while celebrating Gulf Hotel Bahrain's storied history and architecture. Mr. Ahmed Janahi, Group CEO of Gulf Hotels Group, commented: 'This collaboration represents a strategic advancement in our journey to expand our global reach and deliver enhanced guest experiences, while preserving the authenticity, independence, and heritage that define Gulf Hotel Bahrain. It marks the beginning of a new chapter, built on a proud legacy of excellence and innovation.' This initiative underscores Gulf Hotels Group's ongoing commitment to excellence, innovation, and maintaining the strong identity of Gulf Hotel Bahrain while positioning it at the forefront of the global hospitality landscape.
Daily Tribune
21-04-2025
- Business
- Daily Tribune
Bahraini students recognized by Gulf Hotels Group for hands-on experience
TDT | Manama Gulf Hotels Group hosted a recognition ceremony to honor a group of Bahraini students who successfully completed a volunteering program within the Food and Beverage Department. As part of the initiative, the students worked with the catering team during a major international event held recently in the Kingdom, gaining valuable hands-on experience in a dynamic, real-world setting. The program reflects the Group's continued support for Bahrainization and national talent development, with several participants now being considered for employment opportunities within the Group's hospitality operations. Practical experience As part of the Group's national talent development efforts, the volunteering opportunity was designed to give students practical experience in areas such as service, operations, and guest interaction across different functions within food and beverage and guest service operations. Mr. Ahmed Janahi, Chief Executive Officer of Gulf Hotels Group, commented: 'Developing national talent is at the heart of our long-term vision at Gulf Hotels Group. we are committed to giving ambitious young Bahrainis the opportunity to grow through hands-on learning and real-world exposure. By investing in their potential, we are shaping a highly skilled and passionate workforce that will lead the future of Bahrain's hospitality sector.' The students, who joined as part-time volunteers, were mentored by experienced F&B professionals. The initiative helped bridge the gap between theoretical knowledge and real-life service environments, preparing participants for potential careers in hospitality. During the ceremony, certificates of appreciation were presented to the volunteers, and remarks from the management team applauding their dedication and enthusiasm. In continuation of its efforts to foster national talent, Gulf Hotels Group also announced the upcoming launch of the second edition of its Summer Internship Program in 2025.
Zawya
20-03-2025
- Business
- Zawya
Bahrain: GHG signs strategic partnership deal with MFive Services
Bahrain - Gulf Hotels Group (GHG), a leading hospitality company in Bahrain, has teamed up with UAE-based housekeeping specialists MFive Services in a landmark joint venture. The strategic partnership, marked by a memorandum of understanding (MoU) signed by GHG chief executive Ahmed Janahi and MFive chief executive Max Baer, aims to revolutionise outsourced housekeeping in the kingdom. The alliance will deliver 'high-quality, innovative, and cost-effective solutions' to Bahrain's hotels, resorts, and serviced residences, combining GHG's market expertise with MFive's specialised services. 'Our partnership with MFive Services represents a significant step in expanding our business into the cleaning and housekeeping services for the hospitality sector,' said Mr Janahi. 'This strategic partnership aims to deliver comprehensive housekeeping and cleaning solutions to hotels, resorts, and serviced residences while enhancing operational efficiencies, optimising costs, and elevating service excellence.' Mr Baer added: 'Our entry into the Bahraini market through our partnership with GHG marks a significant milestone for MFive. GHG's extensive hospitality network and operational excellence provide the ideal platform for MFive Services to deliver high-quality housekeeping solutions. Together, we are creating a scalable model that can be expanded across the GCC, setting a new standard for outsourced housekeeping and cleaning services.' The venture signals GHG's expansion into hospitality cleaning and housekeeping, aiming to elevate regional standards and solidify Bahrain's position as a premier hospitality destination. MFive, established in the UAE in 2010 and servicing over 60 hotels, including major international groups, recently saw Abu Dhabi National Hotels Company acquire a 50 per cent stake, fuelling its GCC expansion ambitions. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
