Record Performance for Independent Hotels in Q1 & Q2 2017
2017 is looking to be our most amazing year yet. Our independent hotel collection is performing a record levels. REVPAR and other financial result KPI are UP, UP, UP … Moreover, we have broken another record. We are now handling revenue management for over 60 properties.
2017 Mid-Year Results @ Xotels
Yes, we have passed the 60 hotels milestone, and are continuing to strategically grow our portfolio. Additions this year include the Yadoya Hotel in Brussels, a Japanese styled mid-market boutique hotel. The Plaza Elysées, a 4-star gem on Boulevard Haussman in central Paris. And we have expanded our luxury portfolio with the 5 star Sa Torre Resort in Mallorca, and not least the San Domenico Palace in Taormina Sicily (Italy), a Leading Hotel of the World, where we recently hosted the G7.
We have also been quite busy on the budget market and have grown the number of hostels we manage, via strategic partnerships with Hotel One, Gallery Hostels and SafeStay, which have properties across Europe (United Kingdom, Spain, Portugal, Czech Republic, Hungary, …).
Below we will let you in on the financial performance and REVPAR results of some our independent hotels:
Plaza Elysées, Paris: +17% vs. 2016
Secret de Paris: +8% vs. 2016
SafeStay London: +36% vs. 2016
Lady’s Mile, Dawlish: +60% vs. 2016
San Domenico Palace, Taormina – Sicily: +20% vs. 2016
Qbic WTC, Amsterdam: +11% vs. 2016
Zoku, Amsterdam: +17% vs. 2016
Mabi, Maastricht: +15% vs. 2016
De Duif, Lisse: +71% vs. 2016
Kasteel Kerckebosch, Zeist: +12% vs. 2016
StadsHotels, Woerden: +24% vs. 2016
Yadoya, Brussels: +5% vs. opening Target
Elisabeth, Mechelen: +34% vs. 2016
‘t Putje, Brugge: +18% vs. Target
Casa Bonay, Barcelona: +46% vs. 2016
Grums, Barcelona: +21% vs. 2016
U Hostel Madrid: +10% vs. 2016
Hotel de Londres, San Sebastián Donostia: +9% vs 2016
Ibiza Rocks: +15% vs 2016
Green Nest Hostel, San Sebastian: +13% vs. 2016
White Nest Hostel, Granada: +23% vs. 2016
Nest Style, Granada +14% vs. 2016
Nest Style, Santiago de Compostela: +20% vs. 2016
Premium Downtown, Porto: +61% vs. 2016
Bernina 1865, Samedan: +14% vs. 2016
La Digue Island Lodge: +24% vs.2016
Independent hotels are outperforming themselves and their local market in 2017. Not only are we seeing an increase in REVPAR and RGI, also GOPPAR is sharply moving upwards. This is being impacted notably by shifting sales to direct via the hotels’ own brand.com websites, and great efforts by the hotels’ operational teams to up-sell and generate significant incremental F&B spending.
We have just moved offices this year in Barcelona to accommodate our growth, and the second half of the year looks like it will remain as dynamic and energetic as the first half. So, if you are a revenue manager, don’t forget to check out ourjob board, as we continue to recruit.
It is so exciting to see that our in-house developed methodology and best practices in hotel revenue management continue to help driving financial results for such a wide range of accommodation and lodging concepts, including luxury high end hotels, as well as youth hostels, holiday parks and camping’s.
Need help with your strategies? We can help you drill into the untapped potential of your hospitality business!