Abu Dhabi hotels recorded strong performance in the first quarter of 2011

Richard Riley Chief executive of Abu Dhabi National Hotels Richard Riley told the 7th annual Arabian Hotel Investment Conference (AHIC) this morning that his company has recorded excellent performance in the first quarter of 2011.

“What has been bad for some of our neighbours has been good for the Abu Dhabi and UAE hotels industry,” Riley said. “We are positioned well and we expect to see gradual and stable growth for the next two-three years.”

Riley said that Abu Dhabi needs to tap into new sources of demand. “We have to look towards the east and countries like China for the demand needed to fill the hotels opening in Abu Dhabi,” Riley said. “We also need to see more in the entertainment area in Abu Dhabi.”