Xotels Reports 20% REVPAR Growth in 2011
Xotels reports a 20% growth in REVPAR, after a very strong 4th Quarter. It manages a portfolio of independent hotels with its team of revenue management and distribution experts. With its proven yield and distribution techniques it has become a driving force of change in hotel asset management in a short period.
Remko West, co-founder and COO of Xotels comment, ‘2011 has been an amazing year. We really managed to outperform growth trends in many of our markets. Not just city hotels, but also in resort destination we delivered an annual REVPAR growth of over 15%. In the 4th quarter, which is always a challenge in many markets we were able to penetrate certain market segments, improving our ARI and RGI's significantly.’
Patrick Landman, co-founder and CEO of Xotels adds, ‘20% REVPAR growth is an amazing achievement. We are very excited that with our team of revenue managers we have been able to deliver such results to our portfolio of independent hotels. Our Rent a Revenue Manager concept is a new trend in hotel asset management. Hotels need to become more professional when it comes to online marketing, distribution and yield strategies. And if they do not have or cannot find the resources internally they have to bring in experts to help them achieve a healthy ROI on their real estate investment.’
Here an overview of some our 2011 hotel REVPAR results:
|Pantone Hotel - Brussels, Belgium||+23%|
|Theater Hotel - Brussels, Belgium||+37%|
|Qbic Hotel - Amsterdam, the Netherlands||+21%|
|Townhouse Hotel - Maastricht, the Netherlands||+18%|
|Hip Hotel St Martenslane - Maastricht, the Netherlands||+15%|
|Hotel Es Moli - Deía, Mallorca, Spain||+18%|
|Hotel de Londres - San Sebastian, Spain||+15%|
|Grand Hotel Teguise Playa - Lazarote, Spain||+18%|
‘2012 will be a very exciting year for us. We have grown the REVPAR results of some these hotels with large numbers during several years already. However we still see opportunity for growth. We are already outperforming last year results for the month of January in some of the hotels.’, Remko West notes.
‘This year we are really working on growing our hotel management portfolio strategically. We are in discussions with some interesting properties in the Hague, Amsterdam and Berlin. We are also exploring opportunities in Abu Dhabi and other destinations in the Middle East, and have engaged into conversations in the Asia Pacific region as well. Our next new property opening will be the all-suite Rimondi Grand Resort in Crete in June of 2012. We are looking for unique properties worldwide for which we can help investors to take them to the next level in terms of revenue potential.’ Patrick Landman ends.
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Patrick Landman @ Xotels