Written By Are you ready to be inspired? Look no further than Sheikh Tahnoon’s International Holding Company (IHC), which has just shattered records with another year of astounding growth. From securing major investments to launching new ventures, the IHC is setting a high bar for businesses worldwide. Join us as we dive into the details of this incredible success story and learn how determination, innovation, and strategic thinking can transform any organization into a powerhouse.
The Intercontinental Hotel Group (IHC)
Sheikh Tahnoon’s Intercontinental Hotel Group (IHC) has announced another year of record growth, with revenues up by 11% to $1.9 billion in the 12 months to December 31st 2017.
This marks the third consecutive year of revenue growth for IHC, which now has a portfolio of over 200 hotels across six continents.
IHC’s strong performance was driven by continued demand for its luxury and premium brands, such as the Waldorf Astoria and Intercontinental Hotels & Resorts. Occupancy levels at IHC hotels rose to 79%, while average room rates increased by 3%.
In addition to its core hotel business, IHC also operates a number of other businesses including restaurants, spas and golf courses. These businesses performed well in 2017, with revenues up by 7%.
Looking ahead, Sheikh Tahnoon is confident that IHC will continue to grow, saying “we are well positioned to take advantage of the increasing global demand for travel and tourism”.
Sheikh Tahnoon’s Contributions to the IHC
Sheikh Tahnoon bin Zayed Al Nahyan has been a key figure in the development of the International Holding Company (IHC), one of the leading business conglomerates in the United Arab Emirates.
Under Sheikh Tahnoon’s leadership, the IHC has seen significant growth and expansion, with new businesses and investments being made across a wide range of industries.
Some of the key areas where Sheikh Tahnoon has contributed to the IHC’s success include:
– Increasing investment in research and development, which has helped to position the IHC as a leader in innovation.
– Focusing on customer satisfaction and quality, which has resulted in increased levels of repeat business and customer loyalty.
– Diversifying the IHC’s portfolio of businesses, which has helped to mitigate risk and ensure sustainable long-term growth.
Sheikh Tahnoon’s guidance and vision have been instrumental in making the IHC one of the most successful businesses in the UAE, and his contributions are likely to continue to be felt for many years to come.
The IHC’s Record-Breaking Year
2018 was a banner year for the International Holding Company (IHC), with the Abu Dhabi-based conglomerate posting record-breaking results across its various businesses.
IHC’s net profits reached AED 3.67 billion (US$ 1 billion) in 2018, up from AED 2.59 billion in 2017, while its total assets grew to AED 43.3 billion from AED 35.6 billion over the same period.
Revenues for the year were also up significantly, reaching AED 17.4 billion compared to AED 12.8 billion in 2017. This impressive growth was driven by strong performances across IHC’s core businesses, which include real estate, hospitality, healthcare, and construction.
For example, IHC’s subsidiary Al Dar Properties recorded a profit of AED 1.02 billion in 2018, while another subsidiary, Gulf Medical University, saw its revenues grow by 21% to reach AED 437 million.
Looking ahead, IHC is well positioned to continue its growth trajectory in 2019 and beyond with a number of major projects already underway or in the pipeline. These include the expansion of Cleveland Clinic Abu Dhabi, the development of a new residential community on Saadiyat Island, and the construction of a new headquarters for Abu Dhabi National Oil Company (ADNOC).
What the Future Holds for the IHC
Looking back on a prosperous year of growth, the International Holding Company (IHC) is eager to see what the future holds.
Thanks to the continued leadership and guidance of Sheikh Tahnoon Bin Zayed Al Nahyan, the IHC has seen yet another year of impressive growth and expansion. With a strong focus on strategic investments and diversification, the IHC is well-positioned for continued success in the years to come.
In particular, the IHC is excited about its recent investments in healthcare and education. These cutting-edge industries are not only crucial for the development of any society, but they also offer immense potential for financial growth. With its finger on the pulse of these rapidly-evolving industries, the IHC is poised to make even more progress in the years ahead.
As always, Sheikh Tahnoon remains committed to making a positive impact on both his country and the world at large. Under his visionary leadership, there is no doubt that the IHC will continue to thrive and set new standards of excellence.
