News

New openings, initiatives and results

27-06-2022

HNH Hospitality analyzes the results of the 2022 first semester and records a significant post-pandemic recovery

HNH HOSPITALITY analyzes the results of the 2022 first semester and records a significant post-pandemic recovery with revenue and occupancy rate higher than forecast.

In the period from November 2021 to April 2022, the Group had a revenue of over 18 million euros and an OR-Occupancy Rate of 49.6%.

The Board of Directors of HNH Hospitality S.p.A. analyzed the results of the first semester of 2022: between November 2021 and April 2022, the Group had over 18 million euros in revenue, representing strong growth compared to 3 million euros in the same semester of the previous year.

At the closing of the first semester on 30 April, HNH also recorded the following results:
OR-Occupancy Rate at 49.6%, significantly higher than the same period last year (17.4%) and exceeding the forecast (45.1%).
• The ADR reached €103.48, compared to €68.80 in the first semester of 2021.

In line with revenue, the Occupancy Rate and ADR also show strong growth with regard to the figures from the same period the previous year, even exceeding the forecasts.
In fact, despite the ongoing pandemic, HNH Hospitality succeeded in expanding its offer with the opening of two structures: the hotel voco® Milan-Fiere in Milan in September 2021 and the Resort Almar Giardino di Costanza in Mazara del Vallo in Sicily last May. The latter – after Almar Jesolo Resort & Spa – is the second structure under the Almar brand, an innovative concept developed and managed by HNH Hospitality.
Among further development plans, the Group is assessing new opportunities in Sardinia and Milan.

HNH Hospitality had already positively closed 2021, a year in which they recorded an overall volume of directly managed business of 34.8 million euros. If compared to that of the previous financial year (21.4 million), the Group’s turnover has increased by 62.3%. The EBITDA recorded by the HNH Group on 31 October 2021 was 3.5 million euros – with a gross operating margin net of government aid of 1.8 million – while the profit reached 1.4 mililon.

“We have been experiencing a surge in demand and the rebirth of the sector for a few months now,” – comments Luca Boccato, CEO of HNH Hospitality. “The first semester of the 2022 financial year closed on a clearly positive note, even exceeding forecasts and apart from an increase in bookings in structures that draw more tourists, we are also seeing a strong recovery in the meeting and event segment.”
“The second semester will also exceed the forecasts as well as 2019. It will also let us close the financial year with an average occupancy rate around 65% and an overall turnover above 70 million euros, a result never before reached”.