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New openings, initiatives and results

28-11-2019

HNH Hospitality S.p.A. closed the 2019 financial year on 31 October with overall revenue of 32.6 million euros

HNH Hospitality S.p.A. has recently decided to move the end of the financial year from 31 December to 31 October of every year. The financial year that has just closed (ten months) has recorded overall revenue of direct bookings of 32.6 million euros, with a 4.3% increase compared to 2018, year-on-year. The figure is considered preliminary, therefore still potentially subject to minimum variations.

Analyzing the indicators in depth, always with regard to the same periods, the Average Daily Rate of the rooms increased by 1.3%, moving from 118.70 euros in 2018 to 120.30 in 2019. The average room occupancy rate, instead, has remained substantially unvaried (79.3% in 2018; 79.1% in 2019).

In terms of individual destinations, for the area around Jesolo, the year was conditioned by unfavorable weather at the beginning of the summer and the growing competition of some international destinations. Instead, the area around Venice was characterized by a profound renovation of the Hotel Indigo Venice – Sant’Elena, closed through April. The property from a Business slant saw significant growth and, around Verona, the new acquisition of the Grand Hotel des Arts di Verona stands out.

“2019 has been an overall positive year,” commented the CEO, Luca Boccato. “The incorporation of H&F and the change in financial year closing date have permitted us greater efficiency and rationality, but make it difficult to compare the data communicated today with those of the previous financial year.”

“For 2020, the next opening in Trieste, with the DoubleTree by Hilton, which should take place the first week of December, and the one in Rome, set for March/April, will allow us to reach a turnover over 45 million euros for 2020, in line with the forecasts in our industrial plan.”

“However, we do not exclude, – Boccato continues – being able to communicate shortly a new important acquisition, which we have been working on for some time and will strengthen us further in the Business and Upscale segments.”

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