You might also like:
Hotel group Motel One has announced positive figures for the first half of the financial year, with revenues, net profit and EBITDA continuing to rise.
The design-led hotel group saw revenues for the first half rise 20 per cent over the period, to €222 million.
At the same time, RevPAR increased €4 to €98.
The group maintains its strong footing in the European hospitality market, with 71 hotels and 20,157 rooms currently in operation across the continent.
Motel One saw EBITDA of €83 million generated during the first six month, up from €65 million during the same period of 2018.
In the second quarter, Motel One relaunched Motel One Salzburg-Süd and Motel One Edinburgh-Royal after extensive redesigns.
The group continues to maintain a healthy development pipeline, consisting of 27 hotels with 8,107 rooms.
The third quarter of 2019 has already seen the opening of Motel One Warsaw-Chopin, the brand’s first hotel in Poland, and the group will open new hotels in Munich and Linz.
Source: breakingtravelnews.com