Hoteles BESTPRICE extends revenues and profits to October. Occupancy rates almost 100% and all hotels are fully booked

07 Nov 2022 09:00 CET

The hotel chain, which has recently started listing on EURONEXT PARIS, expects a high performance for 4th quarter after a strong demand in bookings in all hotels.

November 7th, 2022. Hoteles BESTPRICE continues to extend its great performance to the month of October. The company achieved a fully booked ratio and occupancy rate achieved almost 100%.

It also reached record operating profits in its first 9 months of the year with a figure of €1,385,000. The turnover exceeds €3,200,000 and an operating margin on sales of more than 50% per month since the end of the pandemic. The hotel chain estimates annual revenues of 4 million euros for this entire 2022 and an operating profit of €1,500,000. The company's cash position also reaches a record, which allows it to face new investments in new hotels and expand the number of establishments.

Hoteles BESTPRICE ends the summer of 2022 with occupancy rates of 97.18% and with room rates higher than the pre-pandemic period. The company, which has recently been listed on the EURONEXT PARIS STOCK EXCHANGE, presents exceptional results in terms of occupancy levels. The 4 operational hotels remain at around 95% occupancy between the months of May and September, with the city of Madrid standing out above 98%.

Hoteles BESTPRICE has recently started trading on the stock market at a price of €1 per share and with a capitalization of €20.4M (€20,400,000).

Hoteles BESTPRICE expects to double the number of hotel establishments in its portfolio and grow to become the leader in its market segment and expand its geographical scope, which currently operates 4 hotels in the cities of Barcelona, Madrid and Girona.

ISIN code of the company is ES0105664009 and the company acronym in EURONEXT PARIS is MLHBP

In words of Oscar Sánchez, president of Hoteles BESTPRICE, “we are experiencing a tremendous year after pandemic times with occupancy rates close to 100% and monthly operating margins of over 50%, like a true technology startup, and which confirms our business model and quality for our guests, clients and investors. Our proposal with deluxe rooms and a first class Reception guest services combines modernity, excellence, comfort and the supreme quality of our human team.”

Hoteles BESTPRICE is a new boutique hotel chain that debuts in the hotel catering market with a cutting-edge, unique, exclusive, and very appealing concept for all customers. Hoteles BESTPRICE provides the best hotel rates along with a modern design of the facilities and an agile,  customized and professional service from highly skilled reception personnel. It has four boutique hotels, BESTPRICE Diagonal and BESTPRICE Gracia in Barcelona, BESTPRICE MADRID Alcalá and BESTPRICE Girona. For further information: https://hotelesbestprice.com/

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