28 Sep 2015 16:10pm
WINDHOEK, 28 SEP (NAMPA) - The Windhoek Country Club Resort and Casino (WCCR) has recorded a revenue increase of N.dollars 157 million during the 2014/15 financial year.
The room revenue rose by seven per cent and the average room rate by 10 per cent, WCCR Chairperson, Sven Thieme said while announcing the hotel's 2014/15 financial year results here on Monday.
Looking back at 2014/15, we can once again smile about our overall satisfying results, he said.
Thieme added that the hotel turnover increased by 13 per cent year-on-year with exceptional performance in the food and beverage department, which increased turnover by 21 per cent.
He explained this financial years performance is commendable despite major repair and maintenance expenses that the hotel incurred.
Thieme stressed that the casino, however, could not maintain its incredible momentum and had an effect on the gross margin achieved.
The gross margins were N.dollars 83 million on the back of increased operational costs, mainly on the hotel side because of incremental turnover and cost of sales.
Thieme said the gross operating profits of N.dollars 44 million were down from the previous record periods N.dollars 53 million.
We believe that the introduction of the smoking laws in July 2014 mainly contributed to this decline, he said in reference to the casino's performance.
The chairperson noted that the resort will embark on the refurbishment and upliftment of the rooms, casino, public areas, bathrooms and cocktail bars next year (2016).
Speaking at the same occasion, Deputy Minister of Environment and Tourism, Tommy Nambahu congratulated the WCCR for its outstanding financial results and encouraged them to do more and to become exemplary to others in the hospitality industry.
Nambahu said the tourism and hospitality industry has been able to increase the economic development of Namibia, and he encouraged WCCR to work hard and become good ambassadors of the country when doing business with local and international tourists.
Meanwhile, Minister of Public Enterprises, Leon Jooste applauded the resort for recording a remarkable turnover and continuing to refurbish its facilities.
The hospitality industry is a very important asset to the country's economic growth, he noted.
Jooste called on individuals and companies to adhere to the City of Windhoek's call to save water as Namibia faces water shortages.
He urged the casino to adopt water saving measurements.