Minor Wellness hotels boosted ADR by 5% and TRevPAR by 11% in January-June 2024 from a year earlier, while Major Wellness properties saw a 3% and 0.4% decline in these indicators, respectively, according to the report. Minor Wellness drove revenue growth in the luxury hotel category, although Major Wellness remained a premium asset class with much higher TRevPAR.
In terms of profitability on the operating level, Major Wellness hotels had a 9% fall in GOPPAR in the first six months, which compared with a 12% and 28% rise for Minor Wellness hotels and properties with no wellness services, respectively, the report said.
“There are mixed results, with topline growth slowing and bottom-line performance eroding,” Roger A. Allen, Group CEO of RLA Global, said. “There are so many economic and global political factors influencing travel habits that a varied performance shouldn’t be a surprise,” he added.
Data from the 2024 Wellness Real Estate Mid-Year Report suggest that hotel investors, developers and operators must take a closer look at how the Major and Minor wellness categories will serve the best interests of the respective asset class in terms of profitability.
The annual Wellness Real Estate Report and its mid-year updates evaluate average hotel performance based on HotStats data covering Major, Minor and No wellness hotels of different classes worldwide. The 2024 Wellness Real Estate Mid-Year Report processes several industry KPIs – such as ADR, occupancy, TRevPAR, GOPPAR, operating profit, and F&B performance – to offer vital insights on the current strengths and weaknesses of this fast-evolving market.
DOWNLOAD THE 2024 WELLNESS REAL ESTATE MID-YEAR REPORT HERE
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ABOUT RLA GLOBAL
RLA Global is a recognized advisory to investors, owners, developers and management companies in hospitality, leisure, recreation, wellbeing and health tourism, with a focus on hotels, resorts, residential, mixed-use, healthcare, active living communities and destination tourism developments. RLA Global works closely with the public and private sectors in the Americas, Europe, Middle East and Africa to provide conceptual planning, feasibility and financial analysis as well as asset management of complex properties, such as resorts & hotels, health-wellness-medical & spa, leisure experiential and life-enhancing destinations. www.rlaglobal.com
ABOUT HOTSTATS
HotStats is a global data company that provides specialized performance analysis and benchmarking platform for hotels around the world. It collects financial and operational data from over 12,000 properties globally to provide owners, operators, and investors with valuable insights into the financial performance of their properties against their competitors, an invaluable resource for evaluating investment opportunities and weighing options for investors. www.hotstats.com
For more information about the 2024 Wellness Real Estate Mid-Year Report, please contact:
Annamaria Karcz
Marketing, media, PR
E-mail: annamaria@rlaglobal.com
