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Casual Hotels has a good summer season
23/09/2024
September 23, 2024. 2024 is proving to be a good year for Casual Hoteles in terms of expansion, with the recent opening of its 25th hotel, and the announcement of its entry into Ibiza starting in 2025; but it's also proving to be a good year in terms of revenue.
In this regard, the Valencian chain founded in 2013 by Juan Carlos Sanjuán has just published the results obtained by its hotels during the summer. In terms of revenue, during the months of June, July, and August, when average occupancy was 94.80%, the hotel group earned €8,677,356 million, compared to the €8,088,778 million achieved in the same period in 2023, representing an increase of 7.28%.
Part of this improvement is due to the continued growth in REVPAR, whose average during the three summer months stood at €111.24, compared to €104.05 in 2023, an increase of 6.91% compared to the previous year.
Barring any unforeseen events, the outlook for the final quarter of the year remains on an upward trend, with REVPAR still showing room for growth.
Consolidation of the international market :
Regarding the profile of guests who stayed at Casual Hoteles establishments from June to August, the international market continues to rise, now generating 73.78%, compared to 26.22% for the domestic market, which has decreased by 0.56% compared to the summer of 2023.
Generally speaking, the rise in these foreign tourists is also linked to improved incomes, as they excel in several ways: they tend to pay higher rates, book earlier, spend more, and stay longer.
After Spaniards, Italian tourists lead the ranking of guests at Casual Hoteles establishments, generating 14.43% of stays, a figure that has increased by 9.93% compared to 2023, when it was 13.09%.
Behind them, completing the top 5 nationalities, are, as in the previous year, the French, the British, and the Americans, with 6.85%, 5.45%, and 5.26%, respectively.
About Casual Hotels :
Casual Hoteles is a Valencian hotel company founded in 2013 by Juan Carlos Sanjuán, with the goal of becoming a benchmark for themed urban accommodations in Spain. All of its hotels feature unique decor inspired by the destinations in which they are located, and offer high-quality standards and central locations at affordable prices.
They are fun, surprising, and provocative, making Casual Hoteles a disruptive chain that, in 2018, was recognized with the Hostelco Award for “Best Hotel Concept”; in 2023, it won the First Prize for Sustainable Tourism from HOSBEC, in the category of “Best Corporate Social Responsibility Strategy”; and in 2024, it was chosen as the “Chain with the Best Corporate Social Responsibility” at the 14th Roca Awards for Hotel Initiative.
In this sense, the group also stands out for its policy of strong social and environmental commitment through its own Code of Ethics, and for its collaborations with NGOs such as Save the Children and UNICEF, among others. Currently, Casual Hoteles has 25 hotels and 881 rooms in 13 cities in Spain, Portugal and Italy, of which 1 is owned, 1 is managed, 15 are leased and 8 are franchised. In addition, it plans to add 2 new hotels in 2025 in Ibiza (42) and Naples (34).
In this regard, the Valencian chain founded in 2013 by Juan Carlos Sanjuán has just published the results obtained by its hotels during the summer. In terms of revenue, during the months of June, July, and August, when average occupancy was 94.80%, the hotel group earned €8,677,356 million, compared to the €8,088,778 million achieved in the same period in 2023, representing an increase of 7.28%.
Part of this improvement is due to the continued growth in REVPAR, whose average during the three summer months stood at €111.24, compared to €104.05 in 2023, an increase of 6.91% compared to the previous year.
Barring any unforeseen events, the outlook for the final quarter of the year remains on an upward trend, with REVPAR still showing room for growth.
Consolidation of the international market :
Regarding the profile of guests who stayed at Casual Hoteles establishments from June to August, the international market continues to rise, now generating 73.78%, compared to 26.22% for the domestic market, which has decreased by 0.56% compared to the summer of 2023.
Generally speaking, the rise in these foreign tourists is also linked to improved incomes, as they excel in several ways: they tend to pay higher rates, book earlier, spend more, and stay longer.
After Spaniards, Italian tourists lead the ranking of guests at Casual Hoteles establishments, generating 14.43% of stays, a figure that has increased by 9.93% compared to 2023, when it was 13.09%.
Behind them, completing the top 5 nationalities, are, as in the previous year, the French, the British, and the Americans, with 6.85%, 5.45%, and 5.26%, respectively.
About Casual Hotels :
Casual Hoteles is a Valencian hotel company founded in 2013 by Juan Carlos Sanjuán, with the goal of becoming a benchmark for themed urban accommodations in Spain. All of its hotels feature unique decor inspired by the destinations in which they are located, and offer high-quality standards and central locations at affordable prices.
They are fun, surprising, and provocative, making Casual Hoteles a disruptive chain that, in 2018, was recognized with the Hostelco Award for “Best Hotel Concept”; in 2023, it won the First Prize for Sustainable Tourism from HOSBEC, in the category of “Best Corporate Social Responsibility Strategy”; and in 2024, it was chosen as the “Chain with the Best Corporate Social Responsibility” at the 14th Roca Awards for Hotel Initiative.
In this sense, the group also stands out for its policy of strong social and environmental commitment through its own Code of Ethics, and for its collaborations with NGOs such as Save the Children and UNICEF, among others. Currently, Casual Hoteles has 25 hotels and 881 rooms in 13 cities in Spain, Portugal and Italy, of which 1 is owned, 1 is managed, 15 are leased and 8 are franchised. In addition, it plans to add 2 new hotels in 2025 in Ibiza (42) and Naples (34).
