log in | register
A break in the Karkonosze Mountains worth its weight in gold
3,500 sqm leased in Equal Business Park


Radisson Hospitality sees revenues rise but profits down

Anna Pakulniewicz 05 November 2018

Anna Pakulniewicz


+48 22 356 25 07

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

WORLD Over Q3 2018 Radisson Hospitality saw its revenues increase by EUR 4.2 mln (1.7 pct) to EUR 253.3 mln. The rise was mainly due to the strong performance of its like-for-like hotel portfolio, which was partly offset by the termination of eight leases at the end of last year and one lease this year (EUR –8.2 mln) and the strengthening of the Euro against the US dollar (EUR –5.2 mln).

On a like-for-like basis, including hotels under renovation, Radisson Hospitality saw its revenues increase by EUR 16.8 mln (7.1 pct). Its RevPAR for leased and managed hotels increased by 5.6 pct and RevPAR on a like-for-like basis by 8.9 pct. Its EBITDA increased by EUR 5.8 mln (16.9 pct) to EUR 40.2 mln and its EBITDA margin increased 2.1 pp to 15.9 pct.

The increase was mainly due to like-for-like revenue growth and a reduction in operating costs for its leased hotels.

However, profit was down by EUR 5.3 mln (–36.8 pct) to EUR 9.1 mln partly due to the higher financial expenses resulting from the company’s bond issue in July.

Want to know more? Sign up for the Newsletter



The 10th Hotel Investment Conference
Suits on bikes. The 3rd bike ride with city planning specialists.
The 10th Office Market Conference for Poland - Trends & Outlooks
The 15th CEE Warehouse & Logistics Conference
The 18th Annual Eurobuild CEE Golf Tournament
The 14th Annual Eurobuild CEE Tennis Tournament
The 5th Invested Interest - Investment Market Conference
The 25th Annual Property Market Convention
Eurobuild Awards 2019

About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.