In 2021 Hnh Hospitality doubled its direct management turnover to €71.4 million against the €34.8 million of the previous year (+105%) posting gross operating margins of €8.7 million against the previous €3.5.
Room occupancy rose together with average rates
These are preliminary figures for the 2021-2022 financial year from the Hnh Hospitality Group. An excellent performance thanks to the increase in room occupancy, which rose from 41.3% to 64.2% in 2022, and by the growth in average rates, which rose from €133.8 to €143.
The Group has business, city and now luxury resort properties
As part of its product diversification strategy the Mestre-based hotel company now offers three different categories of facilities: business hotels, city hotels and luxury resorts. Preliminary figures show significant growth, especially in the city hotel market, the segment in which Hnh has grown most during 2022 and which now accounts for 47% of its total turnover.
Almar Giardino di Costanza and Timi Ama. Two popular resorts
This year the group expanded into resorts with the opening of the Almar Giardino di Costanza in Sicily last May. Then there is the new management, from January 2023, of the Timi Ama, a luxury resort in Villasimius, Sardinia, also under the Almar brand. With this new opening the resorts, which were 25% of turnover in 2022, are set to weigh in at almost 40% per cent of its overall turnover in 2023.
“We recorded triple-digit growth, more than doubling the previous year's revenues"
"In 2022, despite being penalised by Covid in the first half, we recorded triple-digit growth, more than doubling the previous year's revenues," said CEO Hnh Hospitality, Luca Boccato. "These figures show that the courageous choices made during the pandemic are paying off. For 2023 we are confident of continued growth, also thanks to the decision to further differentiate with the entry of the new Almar Timi Ama: a property that will allow us to strengthen our position in the 5-star beach & sun resort market”.
