Golden Tulip’s Middle East operations generate $26 million

Published March 10th, 2003 - 03:00 GMT

Golden Tulip Hotels’ Middle East and African operations contributed to nine percent of the region's room business. The overall room revenue of its regional hotel portfolio reached €23.5 million ($25.9 million) in 2002, of which €2.1 million were impacted by Golden Tulip's six measurable value drivers.

The company recorded the impact on its total gross room revenue into its 264-strong hotel portfolio to be €67.5 million in 2002, accounting for 15 percent of the portfolio's overall room revenue.

Golden Tulip Hotels, Inns & Resorts is a private hotel franchise organization, with its head office in Amersfoort, Netherlands. Since the acquisition of the German hotel consortium TOP International Hotels, the total hotel portfolio comprises over 45,000 rooms in 440 hotels across 46 different countries, mainly concentrated in Europe, the Middle East and Africa. — (menareport.com)