Dur says coronavirus measures weighed on hotel revenue as of Q2 2020

16/04/2020 Argaam

 

Dur Hospitality Co. said the Kingdom's precautionary measures to curb the COVID-19 outbreak weighed on hotels revenue as of Q2 2020, the company said in a bourse statement.

 

However, it is difficult to determine the relevant financial impact at present as these measures won't have a material impact on operations, the statement added.

 

Dur also indicated that it cannot define whether it would be eligible to the government's support packages provided to the private sector, adding that any updates will be announced in due course, the statement added.

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