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HNH doubles turnover to €71.4 million with a 5% profit

By Friday, 14 April 2023 10:32
Luca Boccato HNH Hospitality Luca Boccato HNH Hospitality

HNH Hospitality's turnover for the 2021-22 financial year was €71.4 million, with a 5% profit, nearly double the €34.8 million of the previous year. 

HNH has the largest number of managed properties in Veneto

“In 2022 we consolidated the strong rebound of 2021, but with continuity in sales that covered almost every month, and which made it possible to achieve and largely exceed the growth objectives,” says HNH’s managing director Luca Boccato. City hotels performed well, going from 31% in 2021 to 47% in 2022, while corporate and MICE hotels were stable going from 27 % to 28% and resorts dropped from 42% to 25%. The highest revenues, of €41 million, were posted by the hotels in the Veneto region, where HNH also has the largest number of managed properties.

“Our 2023 revenue forecasts are €98 million”

HNH’s position was further strengthened with the 2022 opening of the Almar Giardino di Costanza Resort & Spa, and the reopening of the Venice Mestre – The Quid at the end of its rebranding process. “Our 2023 revenue forecasts are €98 million, well above pre-pandemic levels, with an occupancy rate of 70%.”

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