UAE hospitality chief banking on year-end recovery
International news
Chief executive officer of Sunset Hospitality Group, Antonio Gonzalez, says high-end venues reliant on foreign visitors have been hit hardest
Sunset Hospitality Group, which runs a series of high-end restaurants and beach clubs in Dubai, expects sales from its core UAE business to drop by as much as half this year as the Iran conflict hits consumer sentiment. But the company is accelerating expansion overseas.
Chief executive officer Antonio Gonzalez said revenue in the group’s home market, which accounts for roughly two-thirds of total sales, fell about 55 percent year-on-year in March. Sales are set to decline at a similar pace in April, after what had been shaping up to be a record month, he said.
“We were looking at an amazing April, probably the best month in history,” Gonzalez told AGBI.
By Gavin Gibbon