Arena Hospitality Group Announces Excellent Financial Results for 2024

Arena Hospitality Group d.d. has published its Annual Report for 2024, highlighting extraordinary results that confirm strong business growth and stability. The Group achieved an annual revenue increase of 12.5 percent and an EBITDA growth of 25 percent, resulting from continuous portfolio expansion, strategic investments in the development of new and repositioned properties, and improved operational efficiency. In 2024, Arena Hospitality Group reports strong revenue growth across all regions, particularly emphasizing Croatia as a key market and achieving business normalization in Germany, which even surpassed the results from the record year of 2019. These results confirm not only successful management and adaptation to dynamic market conditions but also a commitment to continuous improvement of offerings and guest experiences, as stated in the company’s press release.

– The successful results in 2024 were achieved thanks to a continuous diversification strategy and investments in the portfolio aimed at expanding the Group’s business throughout the year. Our hotels, especially in Croatia, continue to operate successfully and complement a more balanced and less seasonal portfolio across Europe. We are pleased to report a revenue increase of 12.5 percent, an EBITDA increase of 25.0 percent, and a proposed dividend increase of 47 percent compared to 2023, with a total payout of approximately 5.5 million euros – stated Reli Slonim, CEO.

Since the beginning of 2024, the Group has recorded a gradual but steady recovery in demand in the markets of Croatia, Germany, and the CEE region during the first quarter. Germany and the CEE region have also increased their business activities and occupancy levels influenced by renovations and repositioning. In the markets of Hungary, Austria, and Serbia, there has been an increased presence in the urban hotel segment, which has improved occupancy and revenues year-on-year, benefiting from recent renovations and repositioning programs.

In the financial year 2024, the Group achieved significant total revenues, with a revenue increase of 12.5 percent, and accommodation revenues increased by 11.4 percent. RevPAR grew to 55.0 euros, representing an increase of 8.5 percent compared to the previous year. Consolidated profit after tax increased to 5.9 million euros, which represents a 59 percent increase (in 2023 it was 3.7 million euros).

In line with the Company’s results in 2024, the Management Board and the Supervisory Board recommended a final dividend increase of 47 percent to 1.10 euros per share. This increase is significantly ahead of the Company’s dividend policy to consider a payout to shareholders of up to 25 percent of its consolidated normalized net profit for the previous financial year. Through a combination of share buybacks and dividend payments, the Group continuously reaffirms its commitment to maximizing shareholder value while simultaneously investing in further development and growth. Investments in technology and innovation are a key part of the strategy, enabling increased operational efficiency and enhanced guest experiences.

Arena Hospitality Group, as stated in the press release, continues to lead the sector of sustainable and responsible business, as evidenced by prestigious awards and recognitions received in 2024. As a confirmation of its commitment to zero environmental impact business, the hotel art’otel Zagreb won the prestigious Green Building and Sustainable Built Environment Award from the Croatian Green Building Council in the category of Building of the Year – Reconstruction. At the same time, the Group’s properties in Croatia, Germany, Serbia, and Austria have continued to strengthen their ecological standards through successful Green Key and Travelife certifications, while the Ambrela and Yacht beaches proudly hold the Blue Flag. Sustainability is not only an integral part of the Group’s business strategy but also a value recognized in the market. Arena Hospitality Group secured third place among 36 AmCham members in the sustainability application maturity survey, and received special recognition at the 7th Annual Public Trust Award organized by PwC and the Zagreb Stock Exchange for outstanding progress in transparent reporting. With a strong focus on environmental and social responsibility, Arena Hospitality Group remains committed to supporting local communities, actively participating in cultural and sports initiatives alongside campaigns for social and health awareness.

These recognitions confirm the Group’s continuous commitment to the principles of ESG business, sustainable development, and social responsibility, setting high standards in the tourism and hospitality industry. With a clear vision and stable financial policy, Arena Hospitality Group continues to strengthen its market position, providing shareholders, guests, and business partners with long-term security and sustainable growth. With a lasting commitment to excellence and a long-term sustainable development strategy, Arena Hospitality Group remains a key player in the regional hospitality and tourism market, the press release concludes.