The Valencian tourist chain Casual Hotels will close the year 2017 with a turnover of seven million euros, which represents an increase of more than 67% over its sales from the previous year.
According to the group's estimates, which ends the year with 11 establishments and more than 500 hotel beds in operation, Casual Hotels will register a gross operating profit of 16% for 2017, or 1,120,000 euros
This figure represents an increase in the company's Ebidta of 74.87% compared to 2016 data.
Throughout 2017, the chain has expanded to have hotels in Valencia, Madrid and Seville and a hostel in Bilbao, and the company currently generates 134 jobs throughout Spain.
"These results and our constant growth show the strength of Casual Hotels. We started in 2013 with 13 rooms and two employees, and today we have 11 establishments, more than 130 employees and we offer 500 beds a day", explained Juan Carlos Sanjuan, founder and CEO of the brand.
The company plans to continue on the path of growth, and expects to increase its turnover next year to nine million euros in 2018, with an Ebidta close to 19%.
According to Sanjuan: "We started with a turnover of 395,000 euros in 2013 and we will close the year with 7 million euros. In 2018 we hope to reach 9 million and our goal is to incorporate two to three hotels annually until we have between 25 or 30 establishments within five years.
The latest destinations in which the Valencian hotel chain has established itself are Malaga and Donosti and its expansion places are located in Ibiza, Cadiz, Bilbao and Alicante.