{"id":82775,"date":"2025-01-23T15:02:40","date_gmt":"2025-01-23T14:02:40","guid":{"rendered":"https:\/\/lavozdeibiza.com\/sin-categorizar\/2025\/01\/23\/palladium-records-record-growth-to-over-1-2-billion-euros-and-focuses-on-asia-and-the-emirates\/"},"modified":"2025-01-23T15:02:40","modified_gmt":"2025-01-23T14:02:40","slug":"palladium-records-record-growth-to-over-1-2-billion-euros-and-focuses-on-asia-and-the-emirates","status":"publish","type":"post","link":"https:\/\/lavozdeibiza.com\/en\/current-news\/palladium-records-record-growth-to-over-1-2-billion-euros-and-focuses-on-asia-and-the-emirates\/","title":{"rendered":"Palladium records record growth to over 1.2 billion euros and focuses on Asia and the Emirates"},"content":{"rendered":"<p><strong>Palladium Hotel Group<\/strong> closed 2024 with a highly positive balance sheet, achieving a managed business volume of more than <strong>1.2 billion euros<\/strong>, an <strong>increase of 12% over the previous year<\/strong>. This result consolidates its position among the elite of hotel companies and reflects <strong>sustained growth<\/strong> based on a healthy and profitable expansion strategy. The group also posted a <strong>10% increase in RevPAR<\/strong> (revenue per available room), driven by a 3% increase <strong>in occupancy<\/strong> and a 7% increase <strong>in average price<\/strong>. In addition, <strong>direct sales share<\/strong> grew by a remarkable <strong>19% compared to 2023<\/strong>, reaching <strong>29%<\/strong>. <strong>Abel Matutes Prats<\/strong>, Chairman of Palladium Hotel Group, emphasized: &#8220;In 2023, the group already reached an important milestone, entering the elite of hotel companies that exceed 1 billion in turnover. In 2024 we have consolidated that achievement, growing at double digits, and we start the year with positive forecasts, which we hope will allow us to solidly consolidate our business model, based on a healthy and profitable growth strategy, always seeking to offer our guests a unique and unforgettable experience.&#8221; <\/p>\n<h3><strong>2024 Milestones<\/strong><\/h3>\n<p>During 2024, <strong>Palladium Hotel Group<\/strong> not only achieved a strong economic performance, but also consolidated key projects. In <strong>Europe<\/strong>, the company celebrated the opening of the <strong>Only YOU Hotel Sevilla<\/strong> in April and its return to Barcelona with the <strong>45 Times Barcelona Hotel<\/strong> in November. In the <strong>Caribbean<\/strong>, the addition of <strong>The Signature Level<\/strong> premium program to the <strong>Grand Palladium Lady Hamilton Resort &amp; Spa<\/strong> in Montego Bay (Jamaica), a proposal that reinforces the company&#8217;s commitment to exclusive services, stood out.  <\/p>\n<h3><strong>2025 Project Highlights<\/strong><\/h3>\n<p>Looking ahead to 2025, the group remains committed to innovation with strategic projects such as the opening of <strong>The Unexpected Ibiza Hotel<\/strong>, scheduled for April. This hotel, with <strong>181 rooms and suites<\/strong>, will include a high-end culinary and entertainment offer and will be the first of the new brand <strong>The Unexpected Hotels<\/strong>, inspired by the iconic <strong>Ushua\u00efa Ibiza Beach Hotel<\/strong>. The concept is looking to expand internationally, with an opening already confirmed in the <strong>United Arab Emirates for 2027<\/strong>, in partnership with <strong>Al Marjan<\/strong> and <strong>Almal Real Estate Development<\/strong>. The project will involve an investment of more than <strong>$100 million<\/strong> and will have <strong>422 rooms<\/strong>. In January of this year, the <strong>Grand Palladium Select Costa Mujeres<\/strong> became part of the exclusive <strong>Grand Palladium Select Collection<\/strong>, a portfolio that will be expanded with the <strong>Grand Palladium Select Palace Ibiza<\/strong>, scheduled to open in April, and the <strong>Grand Palladium Select B\u00e1varo<\/strong> in Punta Cana, which will arrive in late 2025. <\/p>\n<h3><strong>Expansion plans: Asia and the Middle East as key targets<\/strong><\/h3>\n<p><strong>Palladium Hotel Group<\/strong> &#8216;s ambitious expansion plan includes, for the first time, its entry into <strong>Southeast Asia<\/strong>, with destinations such as <strong>Singapore, Vietnam, Indonesia and Thailand<\/strong>. In addition, the group seeks to strengthen its presence in the <strong>Middle East<\/strong>, with a special focus on <strong>Saudi Arabia and the United Arab Emirates<\/strong>. As for projects already confirmed, the <strong>Only YOU Hotel Venice Bonvecchiati<\/strong> is expected to open in the second half of 2026, while the same year will see the conversion of the current <strong>45 Times Barcelona Hotel<\/strong> to become part of the <strong>BLESS Collection Hotels.<\/strong> Looking ahead to 2027, new <strong>Only YOU Hotels<\/strong> openings are planned for Ibiza and New York, which will expand its international presence. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hotel group grew by 12%, recorded a 10% increase in RevPAR and announced ambitious projects in Ibiza, Europe and Southeast Asia.<\/p>\n","protected":false},"author":3,"featured_media":82666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2910,2918],"tags":[2921,5825,4541],"ppma_author":[2644],"class_list":["post-82775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-news","category-ibiza-en","tag-actualidad-2-en","tag-fitur-en","tag-palladium-hotel-group-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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