Minor Wellness Hotels Boast Impressive Growth in the First Half of 2023, RLA Global’s 2023 Mid-Year Report Reveals

The key finding of the report is that hotels with minor wellness offerings realized the most significant growth from topline to the bottom line in the first half of 2023, surpassing pre-pandemic performance levels. Minor wellness hotels saw a 37% increase in revenue and 61% growth in operational profit compared to the same period last year.

The report provides objective, structured data from P&L benchmarking firm HotStats, covering about 2,600 major, minor, and no-wellness hotels of all categories worldwide. Processing property-level KPI results, such as ADR, occupancy rates, TRevPAR, GOPPAR, and GOP, the report presents how wellness contributes to hotel revenue flows and operating costs, and what effects it has on margins and overall profits.

Fresh benchmarks from the first half of 2023 can help developers, operators and investors gain an edge through evaluating opportunities in wellness real estate and aligning strategies with its trends. Roger Allen, Group CEO of RLA Global

The report enables stakeholders to make data-driven wellness investment decisions for optimal financial returns. Trends and year-over-year shifts are made clear through charts and visualizations comparing 2023 mid-year metrics to 2022 full year.

In today's dynamic environment, up-to-date data is crucial for owners, developers, and investors seeking a competitive advantage. We're providing the wellness real estate market with transparency and insights for success.Paul Boldy, Managing Partner at RLA Global

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About HotStats

HotStats provides monthly P&L benchmarking for the hotel industry, collecting detailed financial data from over 6,000 hotels in total worldwide from over 100 brands and independent hotels, and provides over 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales, and ultimately departmental and total hotel profitability.