Motel One sees sales grow in Europe
- Category: General
- Date: 20-03-2019
Motel One saw sales rise 22 per cent to €487 million in 2018 as the budget hotel chain continues to grow its position in the European hospitality market.
The brand currently has 71 hotels and 20,160 rooms in operation.
EBITDA increased by 23 per cent to €150 million last year.
With nine new hotels opened in 2018 and a secured growth of 98 hotels, Motel One is looking to expand its portfolio further.
Six of the new hotels opened in Germany – Lübeck, Cologne-Neumarkt, Munich-Messe, Frankfurt-Römer, Bonn-Beethoven and Leipzig-Post.
The Barcelona-Ciutadella and Paris-Porte Dorée hotels marked the brand’s début in Spain and France.
Looking ahead, the Motel One Munich-Haidhausen will expand the portfolio in Munich to ten hotels.
The Motel One Warsaw-Chopin will mark the brand’s market début in Poland and the Motel One Linz will expand the activities in Austria to seven hotels with around 2,100 rooms.
Source : Breaking Travel News