Minor Wellness Hotels Boast Impressive Growth in the First Half of 2023, RLA Global’s 2023 Mid-Year Report Reveals
RLA Global today released its 2023 Wellness Real Estate Mid-Year Report, giving real estate investors and developers vital industry data and insights about the January-June 2023 performances of wellness hotels worldwide.
The key finding of the report is that hotels with minor wellness offerings realized the most significant growth from topline to the bottom line in the first half of 2023, surpassing pre-pandemic performance levels. Minor wellness hotels saw a 37% increase in revenue and 61% growth in operational profit compared to the same period last year.
The report provides objective, structured data from P&L benchmarking firm HotStats, covering about 2,600 major, minor, and no-wellness hotels of all categories worldwide. Processing property-level KPI results, such as ADR, occupancy rates, TRevPAR, GOPPAR, and GOP, the report presents how wellness contributes to hotel revenue flows and operating costs, and what effects it has on margins and overall profits.
Fresh benchmarks from the first half of 2023 can help developers, operators and investors gain an edge through evaluating opportunities in wellness real estate and aligning strategies with its trends. Roger Allen, Group CEO of RLA Global
The report enables stakeholders to make data-driven wellness investment decisions for optimal financial returns. Trends and year-over-year shifts are made clear through charts and visualizations comparing 2023 mid-year metrics to 2022 full year.
In today's dynamic environment, up-to-date data is crucial for owners, developers, and investors seeking a competitive advantage. We're providing the wellness real estate market with transparency and insights for success.Paul Boldy, Managing Partner at RLA Global
About HotStats
HotStats provides monthly P&L benchmarking for the hotel industry, collecting detailed financial data from over 6,000 hotels in total worldwide from over 100 brands and independent hotels, and provides over 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales, and ultimately departmental and total hotel profitability.
About RLA Global
RLA Global is a leading boutique advisory firm, specializing in resorts and destinations, mixed-use developments, and complex hospitality and tourism assets. We engage projects from a highly strategic perspective right down to the finest details, encompassing the entire life-cycle of leisure and hospitality assets. The firm has a proven track record of 100+ high-profile projects, across four continents. RLA Global is recognized by the European Travel Award as one of the Best International Leisure and Hospitality Advisors. www.rlaglobal.com
Annamaria Karcz
Marketing and PR Consultant, RLA
RLA Global
