Record Performance for Independent Hotels in 2017
Looking back at 2017, it was an incredible year for independent hotels. We have measured record performance levels at Xotels. Financial results based on strategic revenue management have never been higher.Looking back at 2017, it was an incredible year for independent hotels. We have measured record performance levels at Xotels.??Financial results based on strategic revenue management have never been higher.
So, let us run you through 2017 at Xotels ...
Total Revenue €190.295.324
Rooms Sold 1.836.117
We have grown our international hotel client portfolio by 39% and turnover by 26%. An amazing year …
See below our track record over the last few years:
We have also expanded into new markets like the Czech Republic, Portugal, Italy, Greece, Curacao. Highlights in the new additions are:
- San Domenico Palace - Taormina, Sicily? (a 5 star, Leading Hotel of the World)
- SafeStay Hostels - a youth hostel group
- Almalusa - Lisbon Portugal
- Hotel Himalaia - Baqueira Beret, Spain (ski resort)
- BnB Manager - vacation rental apartments
As you can see we are expanding both into 5 star luxury as well as more budget products like youth hostels and airbnb type vacation rental apartments. Revenue management adds value for any lodging concept.
|?? Destination??||?Revenue Growth?|
|1? ?||?Bruges, Belgium||?62%|
|3||?London, United Kingdom??||?36%|
|5?||?Edinburgh, United Kingdom||?23%|
|9||?Ibiza, Balearic Islands||?18%|
|13||?Prague, Czech Republic||?15%|
|15||?Santiago de Compostela, Spain||14%|
Whether it is in primary markets, like London and Amsterdam or secondary destinations in Belgium, Spain and the Netherlands, with the strong demand, Occupancy and ADR can be driven up with strategic revenue management.
We see this working in both 5 star, Leading Hotels of the World, like the San Domenico Palace in Taormina Sicily, with a 13% increase in turnover, but also for youth hostels like SafeStay, or Ladys Mile holiday park in the UK with 36% revenue increase.
Unfortunately Barcelona did not end up as expected. The market was trending up 25% year over year, however the political instability in Catalu?a has pulled down annual growth to 13% only, due to heavy revenue declines in Q4. But thankfully Brussels and Paris have started the route of recovery after suffering from terrorist attacks in 2016 and 2015.
Yes, we are pretty excited about what we have achieved in 2017 with our international portfolio of independent hotels.
And 2018 is not looking to change our growth trend. We are looking at onboarding a good amount of new properties, supporting investors even more in generating an ROI on their hospitality assets.
Besides providing strategic revenue management services to hotels,? we are also a boutique hotel management company, running operations and finance.
We are looking forward to what 2018 will bring us in terms of global expansion. The latest project we are working on is the opening of a new 5 star boutique hotel in Paris. We will update you soon on our adventures at Xotels ...
Patrick Landman @ Xotels