At Spain’s largest travel trade show, FITUR, leading Spanish hotel group Palladium Hotel Group announced that 2023 was a record-breaking year, in which the Spanish hotel management company achieved an annual revenue of over €1 billion. The group has also announced important new developments, including new openings and expansion plans.
Palladium Cares, the transformational Corporate Social Responsibility Initiative launched by Palladium Hotel Group in May 2023, has completed its second phase and made significant progress under its pillars of Our People, Our Community and Our Planet.
Palladium Hotel Group has concluded the 2023 summer season in the Balearic Islands and Marbella with very positive closing figures. The hotel group forecasts a similarly positive winter season for its hotels in Tenerife, Madrid, the Caribbean and Latin America. The group’s hotels have recorded occupancy figures of 77% globally from July to September, exceeding those during the same period in 2022 by 2%, and accompanying this growth by a cumulative 12% increase in its RevPAR (Revenue per Available Room).
The project has consisted of the refurbishment of common areas and the 537 hotel rooms, which includes 48 suites of two new categories that now have a terrace, private pool, and sea views. Timeless elegance, and colonial touches are the essential.