The Hungarian hotel operator Hotel & More Group doubled its sales last year
The Hungarian-owned independent hotel operator Hotel & More Group doubled its sales in 2023, and double-digit growth is expected this year, the company group told MTI.
According to Balázs Klemm, owner and CEO, domestic hotels can have a very good year this year thanks to the exceptionally large number of seven long weekends, while a significantly lower price increase than last year can be expected. During special holiday periods, full houses are expected – he noted. The CEO stated: in 2024, they expect a 20-25 percent increase in both net sales and portfolio expansion. According to the announcement, in 2023, Hotel & More doubled its revenue to HUF 7.4 billion net, while the number of hotels and event venues in its portfolio increased by less than 15 percent from 2022 to 2023.Related news
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