Despite continuing challenging economic conditions, affordable design hotel group Motel One maintains its strong market position and hopes for improved results for Q3 2021.
The pandemic has left deep marks on the Motel One Group’s balance sheet in the second quarter of 2021. Due to the restrictions caused by the crisis, the total occupancy in the 77 hotels was only 16 per cent, moderately above the occupancy of 12 per cent in the second quarter of the previous year.
Sales of only €29M (previous year 21) led to a negative operating result of €41M (previous year 50). The restart in June showed a positive ray of hope with an occupancy rate of around 25 per cent, which continued into July with an expected 35 per cent.
Quarter 2 also saw the opening of the Cologne-Messe Motel, its fouth hotel in the German city on the banks of the Rhine. Furthermore, Motel One Hamburg-Fleetinsel enjoys a waterside position that is also at the heart of the city centre. Q3 sees the opening of Motel One Nuremberg-Hauptbahnhof, Stuttgart-Hauptbahnhof and Motel One Aachen go into operation. The locations will further enrich the group’s domestic network, especially at train stations, as Motel One continues to focus on contributing to sustainable mobility.
