The key finding of the report is that hotels with minor wellness offerings realized the most significant growth from topline to the bottom line in the first half of 2023, surpassing pre-pandemic performance levels. Minor wellness hotels saw a 37% increase in revenue and 61% growth in operational profit compared to the same period last year.
The report provides objective, structured data from P&L benchmarking firm HotStats, covering about 2,600 major, minor, and no-wellness hotels of all categories worldwide. Processing property-level KPI results, such as ADR, occupancy rates, TRevPAR, GOPPAR, and GOP, the report presents how wellness contributes to hotel revenue flows and operating costs, and what effects it has on margins and overall profits.
"Fresh benchmarks from the first half of 2023 can help developers, operators and investors gain an edge through evaluating opportunities in wellness real estate and aligning strategies with its trends," said Roger Allen, Group CEO of RLA Global.
The report enables stakeholders to make data-driven wellness investment decisions for optimal financial returns. Trends and year-over-year shifts are made clear through charts and visualizations comparing 2023 mid-year metrics to 2022 full year.
"In today's dynamic environment, up-to-date data is crucial for owners, developers, and investors seeking a competitive advantage," added Paul Boldy, Managing Partner at RLA Global. "We're providing the wellness real estate market with transparency and insights for success."
For more data on hotel performances, please download the full report.
SKIFT published a great article featuring their key findings from the Wellness Real Estate Report, the usual 'Skift take'. The article underscores the importance of strategic thinking in wellness investments, emphasizing that successful operators must balance revenue generation with operational discipline to achieve meaningful ROI. Read more
SKIFT published a great article featuring their key findings from the Wellness Real Estate Report, the usual 'Skift take'. The article underscores the importance of strategic thinking in wellness investments, emphasizing that successful operators must balance revenue generation with operational discipline to achieve meaningful ROI. Read more
Our Group CEO, Roger Allen, returned from a Kilimanjaro expedition with his son, who had just turned 18. Roger is shaped by hard work, resilience, and unshakable optimism. Naturally, he wanted to pass these values on to his son. So instead of costly presents, his gift was an experience for life. Climbing Kilimanjaro became an unforgettable father-and-son journey, and a powerful lesson in becoming a good man. Read more
Our Group CEO, Roger Allen, returned from a Kilimanjaro expedition with his son, who had just turned 18. Roger is shaped by hard work, resilience, and unshakable optimism. Naturally, he wanted to pass these values on to his son. So instead of costly presents, his gift was an experience for life. Climbing Kilimanjaro became an unforgettable father-and-son journey, and a powerful lesson in becoming a good man. Read more
As hotels are becoming increasingly complex real estate assets, and properties are diversifying operations and customer groups to boost revenue, hotel owner representatives need to provide a more complex and holistic support to investors. Here is how they can step up their game and what areas they should focus on to create more value for hotel owners. Read more
As hotels are becoming increasingly complex real estate assets, and properties are diversifying operations and customer groups to boost revenue, hotel owner representatives need to provide a more complex and holistic support to investors. Here is how they can step up their game and what areas they should focus on to create more value for hotel owners. Read more
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The hospitality industry currently stands at a crossroads, grappling with unprecedented challenges posed by the climate crisis. Hotel owners and operators need a pragmatic shift to address these challenges and a forward-thinking strategic approach to adaptation. Read more
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