The H.n.h. Hotels & Resorts Group closed the first half of 2015 with a very positive trend and a sharp growth in turnover, which increased 33% to Euro 12,121K as of June 30th, 2015 compared to Euro 9,114K in the first semester of 2014 .
Results exceed the budget for the current year. In December 2014, the company’s Board of Directors approved a budget which forecasted, for the first semester, revenue of Euro 11.7 million.
Revenue growth was boosted not only by an uplift in the occupancy rate (O.R.) which rose from 63.9% in the first semester of 2014 to 67.7% in the first half of 2015, but mostly by a marked improvement in the average room rate (A.D.R.), up 11% from Euro 90,20 in 2014 to Euro 100,1 in 2015.
Almar Resort & Spa’s extended operating period in 2015 (opening date March 7th) compared to 2014 (opening date May 22nd) weighed positively on this figure.
The Group CEO, Luca Boccato, is very satisfied with the results achieved: “Despite the fact that these are half-year figures, therefore still incomplete, the results are going beyond our expectations. We see tangible signs of recovery on the business segment, in which we operate through the city hotels, while data pertaining our seaside properties, part of the leisure component, anticipate a very positive closing of the current year even at such an early stage of the season. ”
He adds: “For these reasons and taking into accounts the signs that we gather on the sales front for the second half, we believe that the budget estimates for 2015, with an expected revenue of Euro 28.5 million, can be reached if not exceeded, crowning an extremely positive year for the industry and for our Group. “
