As pandemic decimates travel, Pearl Continental and Regent Plaza take a massive hit to revenue - News Summed Up

As pandemic decimates travel, Pearl Continental and Regent Plaza take a massive hit to revenue


The actual name ‘Pearl Continental Hotel’ and famous ‘PC’ logo has been around for two decades. Most of that revenue came from Pearl Continental Lahore, followed by Pearl Continental Karachi. Pearl Continental Hotel Bhurban, Pearl Continental Hotel, Muzaffarabad, Pearl Continental Hotel, Peshawar and Pearl Continental Hotel, Rawalpindi.”But the auditor’s report also noted something alarming: that the company’s long term debts have been increasing in the last five years, fromjust Rs685 million in 2015, to Rs9,325 million in 2020. Plus, there are plans for a Pearl Continental Hyderabad, and Pearl Continental Bahria Town, Rawalpindi as well. Regent Plaza has also not had the best of years, though it did fare better than Pearl Continental, considerably.


Source: Pakistan Today October 11, 2020 17:48 UTC



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