HIGHLIGHTS
- In the 2024 financial year, Meininger Hotels recorded a year-on-year increase in revenue of over 18 percent to EUR 196 million (2023: EUR 166.6 million).
- The average room occupancy rate was 77% (2023: 76.6%).
- RevPAR increased to EUR 82.96 in 2024 (2023: EUR 74.76).
- Further growth and estimated revenue of EUR 215 million and an average room occupancy rate of 80% are expected for the current financial year 2025. RevPAR is expected to reach EUR 89.
To consolidate this positive development in the future, Meininger Hotels is focussing on sustainable growth. Ajit Menon, CEO of Meininger Hotels, explains: "Our focus is on optimising our existing hotels and at the same time investing in future-oriented markets. We have currently started the renovation of ten properties, and more are in the planning phase. All projects are expected to be completed by 2026."
Another key element of the strategy is the long-term expansion of the hotel portfolio. New locations in Cologne and Krakow were opened in the 2024 financial year and expansion into the Scottish and Spanish markets was recently announced with the planned opening of hotels in Edinburgh and Barcelona. Meininger is also planning to open potential new locations in markets such as Greece and Portugal as well as further hotels in Spain, France and the UK.
The geographical expansion is also accompanied by continuous employee growth. In the 2024 financial year, the company had 1,270 employees and expects this figure to rise to around 1,330 in the current 2025 financial year. The focus will continue to be on sustainability/ESG as well as the automation and digitalisation of processes and workflows. / red