Emirates Palace posts highest ever profit in 2014

Emirates Palace closed 2014 with a number of key performance indicator records, including highest profits, occupancy, revenue and overall financial performance.

The Kempinski-operated hotel recorded steady growth of 8.1% in overall occupancy compared to 2013, while total revenue increased by 8.8%. Financial performance also improved in its newly rebranded Emirates Palace Spa, as well as its restaurants, cafés and banqueting services, which saw growth of 11.8% compared to the previous year.

" Emirates Palace remains one of the top performing hotels in Abu Dhabi and the region, and with the increased number of visitors to the UAE expected to rise over the next few years, we are looking forward to continued success," said Emirates Palace general manager Holger Schroth.

"Events such as Abu Dhabi Summer Season, coupled with targeted sales campaigns for the region, brought more visitors during traditionally slow months like August."

"This would not have been possible without the support of the destination and all parties involved and, of course, the quality and attention to detail delivered by our team of professional hoteliers over the last year."

Other important events contributing to the year's success included the Virtuoso Chairman's Event in November, which attracted more than 80 top travel agents from the USA in an effort to increase interest in the destination.

A successful festive season also led to an excess of 5000 daily visitors walking through the Palace throughout the month. As a result, in December, Emirates Palace recorded the best monthly result ever since its inception in 2005.

Ahead of its ten year anniversary, Emirates Palace has many plans for the year, including sporting events such as the first edition of Tennis at the Palace in March 2015, Abu Dhabi Film Festival and another possible collaboration for Abu Dhabi Summer Season 2015.