Les Hotels Baverez SA (FR:ALLHB) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.
For further insights into FR:ALLHB stock, check out TipRanks’ Stock Analysis page.