Latest news with #GulfHotelsGroup
Gulf Insider
16-05-2025
- Business
- Gulf Insider
44 Truckloads Of Waste From Illegal Manama Street Vendors
Manama's streets saw 44 truckloads of unlicensed vendor materials cleared in the first quarter of the year, council members heard during yesterday's Capital Trustees Board session. A detailed briefing laid out recent sweeps carried out in tandem with other aim was to rein in unlicensed selling and bring order to public spaces often blocked or cluttered by hawkers. Khalifa Al Kaabi, Acting Director of Inspection, said clear rules are in place. Safety rules Only Bahraini citizens can apply for a street vending spot. They must be jobless, at least 21 years old, and follow safety rules when trading in the approved spots. Yousif Al Bannai, Acting Head of Cleaning, said the issue of foreign hawkers remains stubborn, especially in busy parts of the capital. Eleven sweeps were carried out between January and March, targeting hotspots like Shaikh Hamad Avenue, Sa'sa'a Avenue, and Zubara Avenue. These efforts cleared dozens of lorry-loads of gear and rubbish. An inspector brought over from Muharraq Municipality said several men had been caught selling fish on Sitra Island without a licence. Fines of up to BD100 were handed out. Lamya Al Fadhala, Acting Director General of the Capital Municipality, said any meat or vegetables taken from unlicensed vendors is thrown out. Some of it has expired, and the rest is simply unsafe to eat. She urged Bahraini sellers to sort out their paperwork, follow health and safety rules, and stick to the town's trading guidelines. Also read: Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Zawya
14-05-2025
- Business
- Zawya
Gulf Hotels Group reports Q1 2025 financial results
Bahrain - Gulf Hotels Group – hospitality pioneer in Bahrain – has reported net profit of BD2.452 million for the first quarter of 2025 compared to BD2.663m for the first quarter 2024, with a decrease of 8 per cent. Earnings per share were 11 fils compared to 12 fils in the first quarter of last year. Total comprehensive income was BD2.542m compared to BD2.382m for the first quarter of the previous year, with an increase of BD160,000 or 7pc. Revenue for the first quarter was BD8.611m, compared to BD8.983m for the same period last year, with a decrease of BD373,000 or 4pc. The total equity (excluding minority interests) for the period ended March 31, 2025 was BD102.424m compared to BD105.532m as of end-2024, with a decrease of BD3.108m or 3pc. The total assets for the period ended March 31, 2025 reached BD113.786m compared to BD112.862m as of end-2024, with an increase of BD924,000 or 0.8pc. Gulf Hotels Group chairman Fawzi Kanoo commented: 'The first quarter of 2025 financial results reflect the continued strength of our portfolio. The group delivered a resilient performance, achieving a net profit of BD2.452m compared to BD2.663m in Q1 2024, despite seasonal challenges and lower travel activity during Ramadan, which impacted hotel occupancy and F&B operations. 'Looking ahead, we remain optimistic about the hospitality sector's prospects in Bahrain supported by the ongoing government initiatives and efforts to promote tourism. The group will remain firmly focused on driving operational excellence, capitalising on growth opportunities and delivering sustainable value for our shareholders.' Gulf Hotels Group chief executive Ahmed Janahi said: 'We delivered a solid financial performance in the first quarter of 2025, underscoring the resilience and operational strength of our portfolio, despite a seasonal dip in tourism during Ramadan. The market occupancy rates declined by 4pc from 54.2pc in Q1 2024 to 52.1pc this year and revenue per available room (RevPAR) saw a sharper year-on-year decline by 11.7pc, reflecting both lower occupancy and rate pressure during the period.' He added: 'Looking ahead, we remain confident in our performance trajectory for the second quarter and beyond, supported by major events such as the Formula 1 Grand Prix and Eid holidays, which are expected to drive growth across all our business segments. We are also making meaningful progress on several strategic initiatives, including the integration of Gulf Hotel Bahrain into Marriott Bonvoy, the rollout of innovative F&B concepts, and the pursuit of new expansion opportunities across the region. These initiatives are central to our long-term vision of driving sustainable growth and creating long-term value to our shareholders.' Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
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.
