Arena Hospitality Group’s Post

In the first nine months of this year, Arena Hospitality Group achieved growth with record high consolidated revenues of EUR 125.4 million, which is an increase of EUR 12.6 million (11.2%) on an annual basis, as a result of the continued gradual improvement of operations in all operational regions. Operating profit before depreciation and amortization (EBITDA) is EUR 39.4 million compared to EUR 35.0 million in the same period last year, which is an increase of 13%. The excellent financial results were primarily contributed by the strong results achieved in Croatia during the summer, the continuous growth of income in the city portfolio in Germany and the CEE region together with cost optimization. "Business until the end of the year will be in line with our expectations in all our operating regions. The fourth quarter of the year is usually a strong quarter in Germany and Hungary, as well as in the capitals of Croatia and Serbia, while most Croatian facilities on the Adriatic are closing. The winter season for our hotel in Austria starts at the beginning of December. Given the current economic climate, the Group plans to preserve and improve liquidity, but remains committed to raising the standard of the hotel and camping portfolio through regular investment projects and rebranding to maximize opportunities, prepare for investment in all regions and explore new growth opportunities with high potential in Croatia and Central and Eastern Europe" - says Mr Reli Slonim, CEO of Arena Hospitality Group The published report presents the consolidated results of Arena Hospitality Group and subsidiaries in all countries in which it operates, i.e. in Croatia, Germany, Hungary, Serbia and Austria as a group and the individual results of operations of Arena Hospitality Group. Follow the link to read the full financial report: https://lnkd.in/dfVkJe_b PPHE Hotel Group

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Igor Salopek

Povezujemo ideje, oblikujemo svijet.

1mo

Congratulations to Arena Hospitality Group on the excellent results and impressive growth! Your focus on optimization and continuous improvement across Croatia and the CEE region is truly delivering outstanding outcomes. XENEX Design fully supports the vision of raising standards in the hotel and camping sector through innovative design solutions that can enhance rebranding and modernization efforts. We look forward to potential opportunities for collaboration to elevate the tourism experience further!

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