Maritim Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Maritim Hotel Amelia opens on 2 May in Albena, Europe's largest seaside resort on the Bulgarian Black Sea coast.

We have not only broken even, but we are clearly in the black. Fortunately, the fourth quarter also went significantly over the target, reports Martin Friedrich, Chief Financial Officer (CFO) of Maritim Hotelgesellschaft mbH for the 2022 financial year. With sales of 300 million euros, the hotel business managed to generate a profit of around 11 million euros, according to preliminary figures. It is a very satisfying annual result, which considerably exceeded our expectations, even if it still is far below pre-Covid levels, Friedrich concludes.

For the Maritim Hotels, the multiple long-term lockdowns in the two “COVID-19 years” of 2020 and 2021 led to dramatic sales losses. Sales collapsed from €409 million in 2019 to €178 million in 2020.

German hotel chain Maritim reveals how the company responds to global issues in the past and future. What is new for Maritim hotels in future?

In the first three quarters of 2021, approximately EUR 1.48 billion was invested in hotel properties in Germany. Compared to the same period last year (Q1-Q3 2020: EUR 1.70 billion), this represents a decline of about 13 percent.