Vila Galé revenues increased 6% to 184 million Euros in 2018
The 32 Vila Galé hotels achieved a turnover of 184 million Euros in 2018, up 6% than in 2017.
In Portugal, where the group owns 23 hotels, the revenues were up to 112 million Euros, which compares to the 106 million reached in the previous year. Last year, the occupancy was of 977 thousand rooms in the national market, in line with 2017.
It is worth reminding that, in April and May, Vila Galé opened two hotels in Portugal: the Vila Galé Sintra hotel, with a health and wellness concept, and Vila Galé Collection Braga, respectively. Excluding the impact of these two units, revenues in Portugal were 107 million Euros, with an occupancy of more than 932 thousand rooms.
In 2018, the Portuguese remained the main guests staying in Vila Galé hotels in Portugal, representing around 30%. The German, British, Spanish and French markets then followed. However, the growth in demand by Americans and Brazilians, who topped the greatest increases in the number of nights, should be highlighted.
