Founded in 2013, the Group aspires to become a key player in the hospitality industry. With a medium-term goal of leading the national and regional markets, the Group aims to build a world-class portfolio of hotels and resorts. This portfolio encompasses a range of hotel categories, from mid-scale to luxury, and includes various hospitality entities both within and beyond Azerbaijan.
The group's portfolio includes:
- 26% increase in arrivals (2,085 to 2,631) and occupancy up from 54% to 65%, signaling stronger demand
- RevPAR surged from $51.35 (2021) to $179.43 (2024), reflecting a strong post-pandemic recovery.
- Peak months: May (82%) & June (75%), while off-season gains in February & October indicate sustained growth
- Arrivals rebounded from 790K in 2021 to 2.63M in 2024, driving revenue growth and higher room demand.
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