Covivio Hotels Reports 2.3% Revenue Growth Despite Challenges

As of the end of September 2025, Covivio Hotels announced a 2.3% increase in hotel revenues. This growth aligns with their projections, despite challenging base effects from major 2024 events like the Paris Olympic Games and the European Football Championship in Germany. The cumulative RevPAR across Europe rose by 1%, with disparities across regions. Southern Europe saw positive performance, with Spain and Italy witnessing rises of 4.9% and 3.2%, respectively. Conversely, Germany experienced a decline of 4.7% influenced by its event calendar.

Covivio Hotels continued its development projects in the third quarter. Noteworthy milestones include the renovation of Bruges' Ibis Styles hotel and ongoing work on the Holiday Inn in Le Touquet. Additionally, renovations are underway for the Mercure Nice, with investments aimed at significant returns.

The company also reported hotel disposals worth €62 million, reflecting strategic asset management. Despite revenue growth, unfavorable 2024 effects caused a 0.7% decline in variable revenues. This impact was balanced by a 3.5% increase in fixed rents.