Arena Hospitality Group (AHG), one of the leading hospitality and hotel companies in the Adriatic and Central European region, closed the first half of 2025 with positive results, marking a 4.4% increase in revenues compared to the same period last year, reaching a total of €52.5 million.
The growth was mainly driven by hospitality revenues, which rose by 4.8%, and an EBITDA improvement of 12.5%, confirming the strength of Arena Hospitality Group’s diversified portfolio and the effectiveness of its long-term investment strategy. According to Reli Slonim, CEO of Arena Hospitality Group: “This result reflects the success of our strategic focus on premium offerings and operational efficiency”.
Croatia leads the Group’s growth
Arena Hospitality Group delivered particularly strong performance in Croatia, where the portfolio recorded a 7.7% increase in revenues and achieved record results in June. This was driven by the rise in average daily rate (ADR) and the revitalization of the Arena Stupice and Arena Indije campsites, both located on the Istrian peninsula near the city of Pula and recently renovated. The upgrades included the introduction of new premium mobile homes, the refurbishment of common areas and children’s recreational zones, a complete redesign of the pitches, renovation of sanitary blocks, and landscaping improvements.
The Central and Eastern Europe region also showed very positive signs, with revenues growing by 12.9% and increased profitability across all markets. Results in Germany were more moderate, impacted by fewer large events, but overall stability was maintained thanks to prudent cost management.
Furthermore, the Croatian Group continues to enjoy a solid financial position, with liquidity amounting to €19.7 million as of June 30, 2025, without new refinancing or increases in debt interest rates. This stability allows AHG to continue its long-term investment plan.
Optimism for the second half of the year
Arena Hospitality Group now looks ahead to the coming months with the aim of confirming the positive trend recorded in the first half of the year. In Croatia, demand remains strong, although the increasingly common last-minute booking trend makes the rest of the season less predictable.
In Germany, prospects are equally encouraging, with expected increases in occupancy rates and average daily rates, supported by numerous international events and trade fairs scheduled in Berlin, Cologne, and Nuremberg. In the Central and Eastern Europe region, attention is focused on a successful summer season in Nassfeld and on improving operational performance at properties in Belgrade and Budapest.
In this context, the Group’s strategy remains to preserve and further strengthen its financial solidity while continuing to invest in the quality of its hotel and camping portfolio across all regions where it operates.
Photo by AHG: Arena Stupice campsite
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