HomeHotelBestprice aims for 7 million euros in turnover in 2024

Bestprice aims for 7 million euros in turnover in 2024

Bestprice Hotels closed 2023 with six operating establishments and a record net turnover of 5.46 million euros, exceeding the 4.22 million achieved the previous year by 29%. For 2024, the forecast is to reach 7 million euros and 10 million in 2026.

The hotel company had an operating profit (Ebitda) of 2.10 million euros for the year as a whole, 35% more than the same period in 2022. The figure, they explain, “is adjusted in accounting for an investment in the fourth quarter for the purchase of a plot of land in Barcelona and a labor provision for results of the year.”

The net debt of Bestprice Hotels was 4.07 million euros in 2023, that is, 1.93 times the EBITDA. The gross debt with third parties was 6.13 million.

Throughout 2023, Bestprice reached around 95% occupancy in its six operating hotels. He ADR (average daily rate) was 102.60 euros and the average income per available room (RevPar) was 97.68 euros, both variables with improvements compared to the same period of the previous year

Bestprice Hotels has 6 establishments open and is developing another three. Source: Bestprice Hotels

Personnel costs in 2023 increased by 18.2%, partly due to new openings and higher compensation for workers. The chain has 37 workers.

In the words of Oscar Sanchezpresident of Bestprice Hotels, 2023 was “a beautiful year of consolidation of our business model and one that picks up speed of expansion with significant investments to double the company, growing with very good occupancy results and benefits that allow us to tackle an exciting growth project with the incorporation of new hotel projects.”

Bestprice Hotels began the year with an opening in Santillana del Mar and is currently developing three other new projects in Madrid, Malaga and Barcelona with which it hopes to expand its turnover.


Latest news about Bestprice Hotels

– Bestprice projects a €10 million fund for new hotels

– Bestprice opens the doors of its first hotel in Valencia

– Bestprice, first hotel company to pay dividends again after the pandemic

Source: Hosteltur

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