Les Hotels Baverez SA Faces Temporary Downturn

Les Hotels Baverez SA (FR:ALLHB) has released an update.

Les Hotels Baverez SA reported a decline in turnover by 8.37% in the first half of 2024 compared to 2023, amidst renovations and adverse weather impacting operations. The company’s occupancy rate slightly dropped to 66.89% and the average room price was reduced to €555.62, although still higher than 2022 prices. Despite temporary setbacks, including global events affecting costs and staffing challenges, the outlook for the 2024 Olympic period remains positive with substantial reservations already in place.

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