Palladium Hotel Group Predicts 2022 Revenue to Reach Pre-Pandemic Heights

Palladium Hotel Group has announced its news for 2022 at Spanish travel trade show FITUR

Palladium Hotel Group has announced its news for 2022 at Spanish travel trade show FITUR, including further details of its highly-anticipated opening of TRS Ibiza Hotel.

At the event, the President of Palladium Hotel Group, Abel Matutes Prats, and the company’s CEO, Jesús Sobrino, weighed up the last year, in which some of the group’s important projects have come to fruition. This includes two hotels in Sicily: Grand Palladium Sicilia Resort & Spa and Grand Palladium Garden Beach Resort & Spa; as well as Palladium Hotel Menorca and the new Only YOU Hotels in Valencia and Málaga. Furthermore, the reopened BLESS Hotel Madrid remains under the management of Palladium Hotel Group after the acquisition of the property by RLH Properties – the most important sale in Spain last year in terms of room rate.

The company closed 2021 with a turnover of 445 million euros, 131% higher than in 2020 and 40% lower than in 2019. It expects to surpass 2019’s revenue this year as a result of recent project launches. These include the BLESS Collection Hotel brand, the repositioning of some European hotels and the natural evolution of the rest of the hotels managed in the Caribbean.

The Group’s President and CEO assessed their primary role as hotel managers. The President of Palladium Hotel Group, Abel Matutes Prats, explained that

“the company’s efficient change of structure has generated much more value by dedicating a great team exclusively to hotel management, and not other aspects in which Grupo Empresas Matutes is present. The results have been more than satisfactory for shareholders, myself among them, which we are very pleased about”.

Palladium Hotel Group’s CEO, Jesús Sobrino, expressed that

“after more than 50 years of experience in the sector, we have focused on our managerial role. We are very pleased with our brand positioning and our future, having worked so hard during the quiet period on transforming our management model towards a more efficient, trustworthy, and digital one. We are advocating clear product differentiation and excellence, which will translate into good results and a promising future”. Speaking about BLESS Hotel Madrid, he explained that they “have continued consolidating the brand and establishing [themselves] as a reference point in Madrid, with a USP of hedonistic luxury and an attractive gastronomic and leisure offering, positioning us as Madrid’s most fun luxury hotel”.