• Aging 500+ rooms upper upscale CBD property in a market where most competitors recently renovated their room product increased RevPAR by 10% compared to an average increase of 1.5% in the previous two years.
RevPAR increase was achieved through rate increase following business mix reengineering (the property’s yearly occupancy was already above 95%).
Gross Operating Revenue: +7.6%.
Gross Operating Profit: +11.5%.
• 600+ rooms upscale city hotel went through a total transformation.
In the first stage, room revenue increased by 9% through combined occupancy and rate increase and following shifts in business and channel mix.
Gross Operating Revenue: +12.1%
Gross Operating Profit: +11.0%
The second stage was a 2 year full renovation which included conversion of meeting rooms into more profitable accommodations.
Improvements after a 4 years period:
Gross Operating Revenue: +27.2%
Gross Operating Profit: +34.0%
• Aging 250+ rooms and villas upper upscale resort facing a massive increase of new supply and renovated competitors increased its retail volume 36% year on year while increasing RevPAR by 8.3%.
The increase volume in the retail segment had a positive impact on other departments such as restaurants, bars and spa
Gross Operating Revenue: +19.9%
Gross Operating Profit: +23.4%.
• 120+ rooms and villa luxury resort in highly competitive market following recent entry of new competitors achieved a 17% year on year increase of peak nights and a 5% rate increase in a flat market
Gross Operating Revenue: +13.1%
Gross Operating Profit: +10.0%