Staycity announce six new openings following positive growth
New locations for 2019 include a 284-key aparthotel near Disneyland Paris
Staycity Aparthotels has announced six new property openings for 2019-20 following a 12 months of significant growth.
Staycity expects finalised 2017 turnover to have grown by 25%, with a strong profit margin in line with that of previous years.
Finance director Colm Whooley, said: “Last year’s results will show growth in turnover and profits for the group. During 2017 the board signed off on the company’s five-year business plan which will see us operating 15,000 rooms by 2022.
“Brexit and general economic environment have remained a risk but we have attempted to reduce that risk where possible with a strategy of growing the business across a number of markets and actively managing currency exposure through foreign exchange hedging,” he added.
