{"id":120736,"date":"2018-07-26T00:00:00","date_gmt":"2018-07-25T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/orbis-approximately-4-8-increase-in-total-revenue-in-h1\/"},"modified":"2026-03-28T09:51:08","modified_gmt":"2026-03-28T07:51:08","slug":"orbis-approximately-4-8-increase-in-total-revenue-in-h1","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/orbis-approximately-4-8-increase-in-total-revenue-in-h1\/","title":{"rendered":"Orbis: Approximately 4.8% Increase in Total Revenue in H1"},"content":{"rendered":"
Gilles Clavie, President and CEO of Orbis SA, stated that in the first half of this year, the company recorded a 5.3% increase in RevPAR.<\/div>\n
<\/div>\n
The solid operating indicators from H1 2018 translate into good financial performance. Of course, one of the factors impacting Orbis’s results is the increase in labor costs, a trend noted throughout the region as a result of the unemployment rate, which has dropped to a historic low. Therefore, to be more resilient, the company is focusing on maximizing revenue.<\/div>\n
<\/div>\n
The company’s efforts to adapt to the rapid development of digital technology are confirmed by an increase in total revenue of approximately 4.8%, up to EUR 163 million.<\/div>\n
<\/div>\n
Operating EBITDA stands at EUR 48.3 million, representing a 4% increase compared to the previous year. Based on the results and forecasts for the coming months, Orbis estimates that the operating EBITDA for the full year will be between EUR 110 and 112 million.<\/div>\n
<\/div>\n
In the first six months of this year, the Orbis group signed 12 new asset-light agreements in six countries in the region, which will add 1,500 new rooms to the company’s portfolio.<\/div>\n
<\/div>\n
Among these agreements is the first contract signed for a new brand – Adagio, a hotel to be built in Krakow.<\/div>\n
<\/div>\n
In addition, in H1 2018, Orbis opened five new hotels, operated through franchise and management based on previously signed agreements, adding over 600 new rooms to the network in 4 countries in the region: Poland, Hungary, Slovenia, and Macedonia.<\/div>\n
<\/div>\n
At the same time, the company continues its investment in five owned hotels, two of which – ibis Styles Warszawa Centrum and ibis Vilnius Center – will open in the second half of this year.<\/div>\n
<\/div>\n
Overall, the development horizon is secured with 44 projects, representing over 6,000 rooms.<\/div>\n
<\/div>\n
Regarding asset management, the group completed the sale and management process of the Sofitel Budapest Chain Bridge and Novotel Szeged hotels.<\/div>\n
<\/div>\n
In line with the 2018-2022 strategy and investment plan, Orbis will allocate the collected funds to profitable M&A projects to increase Orbis’s EBITDA and the company’s future value, such as the acquisition of Mercure Bucharest Unirii at the beginning of July.<\/div>\n

Source: AccorHotels<\/a><\/p>\n

Frequently Asked Questions<\/h3>\n

What was Orbis’s revenue growth in H1 2018?<\/strong><\/p>\n

Orbis recorded a total revenue increase of approximately 4.8%, reaching EUR 163 million, driven by solid operating indicators and a 5.3% rise in RevPAR.<\/p>\n

How is Orbis addressing rising labor costs?<\/strong><\/p>\n

To counter the impact of rising labor costs caused by record low unemployment, the company is focusing on maximizing revenues and digital technology adaptation.<\/p>\n

What are Orbis’s expansion plans for the near future?<\/strong><\/p>\n

The company has a development pipeline of 44 projects with over 6,000 rooms, including new openings like ibis Styles Warszawa Centrum and ibis Vilnius Center.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gilles Clavie, President and CEO of Orbis SA, stated that in the first half of this year, the company recorded a 5.3% increase in RevPAR. The solid operating indicators from H1 2018 translate into good financial performance. Of course, one of the factors impacting Orbis’s results is the increase in labor costs, a trend noted…<\/p>\n","protected":false},"author":0,"featured_media":67354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-120736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=120736"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/67354"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=120736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=120736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=120736"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=120736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}