Optimistic outlook
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Average rates remain high
MHP Hotel AG Q4 2023: Munich Hotel Partners currently operates nine hotels in the premium and luxury segment and reports an occupancy rate of 76% for the period, with average rates remaining high.
German hotels with growing brand success
MHP Hotel AG Q3: Munich Hotel Partners' revenue rose to 35.3 million euros in Q3, around 8% above the previous year (Q3 2022: 32.5 million). The average room rate remained at a stable high level of 210 euros (Q3 2022: 213 euros). Revenue per available room (RevPAR) continued to increase, from 155 euros in Q3 2022 to currently 158 euros.