Hoteles BESTPRICE doubles its profit until March. The turnover rises 60% in the first quarter

27 Apr 2023 09:01 CEST

The hotel chain doubles EBITDA while preparing to open its new hotel in Valencia. Reservations drives to profit and record turnover for the year 2023

April 27th, 2023. Hoteles BESTPRICE reaches a record turnover of €1,103,674 in its first 3 months of the year and its fiscal year, which represents an increase of 60% compared to the same period of the previous year. EBITDA exceeds a 100% increase in its first quarter compared to the same period of the previous year with a figure of €336,393. The operating profit margin stands at 30% of the net turnover. The company has good growth prospects for the year as a whole with a revised forecast of 4.4 million euros of net income.

In the first quarter, the occupancy ratio of its hotels has increased from 85.2% the previous year to a spectacular 88.5% in this first quarter. Since February, BESTPRICE Hotels have experienced occupancy rates of over 95% at their hotels in Madrid and Barcelona. The chain has recently announced its new hotels in Valencia and Madrid and is expanding its portfolio of operational and ongoing hotels.

Hoteles BESTPRICE recently began trading on the stock market at a price of €1 per share and with an initial capitalization of €20.4M (€20,400,000). The banking entities CaixaBank, BBVA, Sabadell, Openbank, ActivoBank and Interactive Brokers support BESTPRICE Hotels with stock brokerage in EURONEXT PARIS in the debut of the Spanish company on the STOCK MARKET.

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

In words of Oscar Sánchez, president of BESTPRICE Hotels, "We are focused on providing the best stay for our guests, who reward us with their loyalty and a rating of the best in our segment of action. We are possibly the best hotel chain in terms of value for money, and it confirms our business model and quality for our guests, customers and investors. Our proposal for deluxe rooms 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 market with a cutting-edge, unique, exclusive, and very appealing concept for all customers. Hoteles BESTPRICE provides the best hotel rates for its deluxe rooms 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/. And a fifth hotel in the city of Valencia that is estimated to open in the 2nd quarter of 2023.