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Les Hotels Baverez SA ( (FR:ALLHB) ) has shared an announcement.
In the fourth quarter of 2024, Les Hotels Baverez SA reported a slight revenue decrease of 0.97% compared to the previous year, amounting to 42.8 million euros. Despite a challenging economic environment and global political instability, the hotels saw increased occupancy rates, partly due to a favorable post-Olympics effect. The Raphael Hotel’s temporary closure for relocation and renovation work affected its revenue. The company faces recruitment challenges, impacting costs, but anticipates stable activity in early 2025 while relying on the Regina and Majestic Hotel-Spa for revenue.
More about Les Hotels Baverez SA
Les Hotels Baverez SA operates in the hospitality industry, managing luxury hotels in Paris. The company’s primary services include accommodation and catering, with a focus on maintaining high occupancy rates and average prices.
YTD Price Performance: 4.86%
Average Trading Volume: 269
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €179.1M
See more insights into ALLHB stock on TipRanks’ Stock Analysis page.