4 travnja 2017
Arena Hospitality Group’s trading performance again improved year-on-year, with Arena Hospitality Group’s total revenue, room revenue, EBITDAR and EBITDA all increasing. All this, when put in a three-year perspective, demonstrates positive trends which is in line with our development strategy of focusing on raising the quality of both accommodation and services.
Total revenue in 2016 increased by 8.2% to HRK 435.9 million (2015: HRK 402.8 million), while room revenue increased by 7.3% to HRK 353.6 million (2015: HRK 329.6 million). Hotels generated 47.0% of room revenues, resorts 21.4% and campsites 31.6%.
Earnings before interest, tax, depreciation, amortisation and rental expenses (EBITDAR) increased by HRK 15.1 million to HRK 140.8 million (2015: HRK 125.7 million) which represents growth of 12%. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 12.9% to HRK 132.0 million (2015: HRK 116.9 million).
In 2016, the share of EBITDA in total revenues was 30.3% which is a year-on-year improvement of 130 bps (2015: 29.0%).