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International hotel group, Motel One, has revealed its FY22 revenues surged to €639m (£ 561.9m), up €238m (£209m) in 2021, thanks to the addition of eight new hotels to its portfolio.
Last year, the Motel One Group revealed its best quarterly result in the company’s history, with 2022 Q3 results showing a revenue increase of nearly 40% from pre-Covid (2019) to €202m (£177m).
The group is committed to resuming pre-pandemic levels of performance and occupancy in its hotels – with occupancy stats sitting at 74% in Q4.
Alongside the openings of hotels in Germany, Austria, Spain and the Netherlands, the brand also launched Motel One Manchester-St. Peter’s Square last year. Motel One currently has eight UK hotels, located in Edinburgh, London, Manchester, Newcastle and Glasgow.
Motel One is expected to welcome five new hotels to its portfolio this year in Rotterdam, Mannheim, Würzburg, Karlsruhe as well as the hotel group’s first Irish hotel in Dublin this spring.
Daniel Müller, co-CEO of Motel One Group, said: “Our fourth quarter of 2022 painted a much more positive picture compared to the pre-pandemic levels of 2019. Our occupancy rate has remained at 74% and we’re on track to launch a further five hotels across Europe in 2023. We’ll also be introducing Europe to The Cloud One Hotels later this year – with our first two hotels set for Hamburg and Dusseldorf.”
