first REVPAR targets for June have been achieved already ... nice work team !
Qbic Hotels is a 'Low Cost Design Hotel' concept. As retailers of sleep Qbic understands that the best service is self service, and offers value for money quality accommodation for the budget conscious traveler. The pilot hotel opened its doors in Amsterdam in 2007, and is located inside the World Trade Center.. It is an ideal solution for underutilized real-estate like office buildings. Qbic will soon launch new properties in the UK and other European countries.
Xotels has developed a unique cash flow centered distribution and pricing model for this franchise hotel concept. Running at an average of above 95% occupancy, this hotel is full pre-paid and has all the money in the bank before guests even check in. Even after 4 years of operations we are achieving a 21% REVPAR growth in 2011.