The hospitality group has 11 properties in Malaysia, Seychelles, Sri Lanka, Singapore and the UK which recorded revenue of RM290 million for the financial year ended April 30 2009.
Hospitality group Berjaya Hotels & Resorts, a unit of Berjaya Land Bhd, expects to rake in RM310 million in revenue for current financial year, driven largely by its properties in Malaysia.
Its chief executive officer (CEO) Joseph Won said the earnings before interest, taxes, depreciation and amortisation (EBITDA) for all its properties in the current year will amount to 33-35 per cent.
The group has 11 Berjaya properties in Malaysia, Seychelles, Sri Lanka, Singapore and the UK, which recorded an average occupancy rate of 66 per cent and revenue of RM290 million for the financial year ended April 30 2009.
Won said the group's properties in Malaysia are recording better room sales with an average room rate (ARR) of RM320 million despite the global economic crisis.
The properties are Berjaya Langkawi Resort, Berjaya Tioman Resort, Berjaya Redang Resort, Berjaya Georgetown Hotel, Colmar Tropicale and Berjaya Times Square Hotel.
"We see more people travelling to our resorts in Redang, Langkawi and Tioman Island, and Berjaya Hills," he said.
In comparison, the ARR for the group's overseas properties is some US$120 million (RM418 million).
"Overall, we did very well in the financial year just-ended despite the global credit crunch. We are lucky to have come out of this crisis unscathed," Won said in an interview.
The group remains cautious even though the economy is recovering.
Won said Berjaya Hotels & Resorts will not take to raising the ARR for its Malaysian properties next year.
The last time the ARR was raised was in 2006, by 10-12 per cent.
Won was appointed CEO of Berjaya Hotels & Resorts in August last year.
By Business Times (by Sharen Kaur)
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