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NH Hotel Group reported revenue of EUR344.6 million, up 4.9 percent year-on-year NH Hotel Group reported revenue of EUR344.6 million, up 4.9 percent year-on-year

NH Hotel Group Reports EBITDA Growth

NH Hotel Group presented its first quarter earnings for this year, following the performance observed during 2017, revealing evidence of an efficient operational management structure and the results of the steps undertaken to boost its financial position.

2017's favourable earnings momentum continued across all markets, particularly in Italy (up 9.5 percent), Benelux (up 8.1 percent) and Spain (up 6.4 percent), driving group revenue to EUR344.6 million, despite the fact that the first quarter is seasonally the slowest and this year the first quarter was affected by the timing of the Easter break.

Growth in both occupancy and the average daily rate fuelled RevPAR growth of 3.3 percent.

“The company continues to reap the rewards of the strategic decisions taken, which are leading to earnings growth year-after-year, in line with the ambitious targets set by the Group,” highlighted Ramón Aragonés, CEO, NH Hotel Group. “In the current positive climate, NH Hotel Group continues to improve its product and service offering, boost its operating efficiency and reinforce its financial structure.”