DXB Entertainments, operator of Dubai Parks and Resorts, has announced its financial results for the first nine months of 2020.
The company had 602,000 visits during the first three quarters of the year, a decline of 67% compared to the same period in 2019.
DXB Entertainments also announced a 97% year-on-year decline in revenue for the third quarter. However, the theme park operator reported a 21% improvement in its EBITDA loss to reach Dhs54m during the same period.
DXB Entertainments’ complex was closed from March until September in 2020 because of the Covid-19 pandemic.
The parks and resorts implemented an ‘efficiency programme’, which led to a 54% year-on-year cut in operating costs between January to September 2020.
DXB Entertainments has also confirmed a new “enhancement plan” is underway, which includes the installation of ten new rides in Bollywood Parks Dubai and two rides at Motiongate Dubai.
The company is also preparing to open the region’s first Legoland Hotel. The hotel is set to open in December 2020 and will feature more than 1,3000 rooms. The Legoland Hotel will complement Legoland Dubai and Legoland Waterpark.
