{"id":43727,"date":"2025-03-04T11:01:00","date_gmt":"2025-03-04T10:01:00","guid":{"rendered":"https:\/\/www.campingbusiness.eu\/risultati-finanziari-2024-la-croata-arena-hospitality-group-chiude-lanno-in-forte-crescita\/"},"modified":"2025-03-04T11:04:10","modified_gmt":"2025-03-04T10:04:10","slug":"risultati-finanziari-2024-la-croata-arena-hospitality-group-chiude-lanno-in-forte-crescita","status":"publish","type":"post","link":"https:\/\/www.campingbusiness.eu\/en\/risultati-finanziari-2024-la-croata-arena-hospitality-group-chiude-lanno-in-forte-crescita\/","title":{"rendered":"2024 financial results: Croatian Arena Hospitality Group closes the year with strong growth"},"content":{"rendered":"

Arena Hospitality Group<\/strong> – a leader in the hospitality sector with 29 properties in its portfolio across Croatia, Austria, and key cities in Central and Eastern Europe – has published its annual financial report<\/strong> for 2024, highlighting significant improvements over 2023 with a 12.5% increase in revenue<\/strong> and a 25% growth in EBITDA.<\/p>\n

The strong growth is driven by an investment strategy<\/strong> focused on both the continuous expansion of the portfolio and the repositioning<\/strong> of properties toward a higher-yielding, upscale offering. \u201cThe good results of 2024<\/em>,\u201d said Reli Slonim<\/strong>, Chairman of the Management Board of Arena Hospitality Group<\/a><\/u>, \u201cwere achieved thanks to our ongoing diversification strategy and investments in our portfolio, aimed at developing the Group<\/em>\u2019<\/em>s business throughout the year. Our hotels, particularly in Croatia, continue to perform well, contributing to a more balanced and less seasonal portfolio across Europe<\/em>\u201d.<\/p>\n

Total revenue surpasses \u20ac142 million<\/h4>\n

In 2024, Arena Hospitality Group reached a total revenue of \u20ac142.3 million<\/strong>, compared to \u20ac126.5 million the previous year, confirming business expansion. REVPAR (Revenue Per Available Room<\/strong>) increased to \u20ac55<\/strong>, up from \u20ac50.7 in 2023, marking a positive growth. EBITDA<\/strong> also saw a significant rise, from \u20ac28 million in 2023 to \u20ac35 million <\/strong>in 2024. Profit before tax<\/strong> grew to \u20ac8.7 million<\/strong>, surpassing \u20ac5.8 million in 2023, while EBITDAR reached \u20ac37.5 million, up from \u20ac30.4 million the previous year. The average daily rate (ADR) also recorded a slight increase, rising to \u20ac112.7 from \u20ac109.7 in 2023, while the occupancy rate improved, rising from 46.2% to 48.8%.<\/p>\n

These figures reflect solid operational performance<\/strong> and efficient resource management<\/strong>, confirming the Group’s sustained growth throughout the year.<\/p>\n

As part of its investment strategy, Arena Hospitality Group has heavily invested in outdoor facilities<\/strong>. Notably, the investments in Croatian campsites stand out. Arena Stoja Campsite<\/strong>, for example, was upgraded to a 4-star category<\/strong>and received the \u201cCroatia<\/strong>\u2019<\/strong>s Best Campsites 2025<\/strong>\u201d recognition for the second consecutive year, along with Arena Grand Ka\u017ee<\/strong>la and Arena One 99 Glamping<\/strong>. The investment also allowed Arena Stoja Campsite to extend its season and offer winter camping, becoming one of the few year-round campsites in Croatia.<\/p>\n

Additionally, the Group announced that, thanks to new regulations introduced by the Non-Appraised Construction Land Act, it is beginning the renovation process for Arena Stupice and Arena Indije campsites<\/strong>, transforming them from 2-star to 4-star facilities, always with the goal of improving the overall quality of the offering.<\/p>\n

Photo by Arena Hospitality Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Arena Hospitality Group – a leader in the hospitality sector with 29 properties in its portfolio across Croatia, Austria, and key cities in Central and Eastern Europe – has published its annual financial report for 2024, highlighting significant improvements over 2023 with a 12.5% increase in revenue and a 25% growth in EBITDA. The strong … Continue reading 2024 financial results: Croatian Arena Hospitality Group closes the year with strong growth<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":43725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102,98],"tags":[395,1822],"class_list":["post-43727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-evidenza-en","category-news-en","tag-arena-hospitality-group","tag-financial-results"],"acf":[],"yoast_head":"\n2024 financial results: Croatian Arena Hospitality Group closes the year with strong growth - Camping Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.campingbusiness.eu\/en\/risultati-finanziari-2024-la-croata-arena-hospitality-group-chiude-lanno-in-forte-crescita\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 financial results: Croatian Arena Hospitality Group closes the year with strong growth\" \/>\n<meta property=\"og:description\" content=\"Arena Hospitality Group – a leader in the hospitality sector with 29 properties in its portfolio across Croatia, Austria, and key cities in Central and Eastern Europe – has published its annual financial report for 2024, highlighting significant improvements over 2023 with a 12.5% increase in revenue and a 25% growth in EBITDA. 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