Hnh Hospitality closes the first semester with +70% on last year

Hnh Hospitality has reported a significant growth in turnover, closing the first half of the year (November 2022 - April 2023) with revenues of over €30.6 million. 

Improved occupancy and higher average prices

This is a substantial increase compared to the €18 million recorded in the same period last year, representing a growth of 70. The boost in turnover can be attributed to improved occupancy and average rates. The occupancy of Hnh properties has risen from 49.6% to 65%. Despite the impact of Covid on the previous year's figures, particularly in the first quarter of 2022, the current occupancy rate exceeds the projected forecast of 60.5%. Average prices have also seen a positive trend, rising from €103.48 to €116.59.

A growing portfolio for the Almar brand

In addition to the strong financial performance, Hnh Hospitality has expanded its portfolio during the first half of 2023. In partnership with Accor the company has taken over the management of the Almar Timi Ama in Villasimius, Sardinia, which is now operating as the Pullman Almar Timi Ama Resort & Spa. This is the third property under the Almar brand.

“We expect to close the fiscal year with revenues of over €105 million”

“We are experiencing a period of strong growth, as evidenced by the results which went beyond our expectations in the first half of 2023, with figures that have almost doubled compared to last year,” says Luca Boccato, CEO of the Hnh Hospitality group. “We expect to close the fiscal year on 31 October with revenues of over €105 million. A very positive result, possible thanks to an occupancy  that we expect close to 2019 levels and with average rates rising to over  €150.”