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Hapimag: Good Occupancy Rate And A New Resort
Hapimag, the leading provider of holiday rights of residence on the European market, continued its positive development of the previous year in the first half of this year. In comparison to the same period last year, total sales increased by 2.4 per cent to EUR 81.9 million (EUR 80 million in 2008). The operating result after the first six months was EUR 1.8 million (EUR 2 million in the first half of 2008) and the occupancy rate of the resorts at around 71% is the same as for the previous year. In February 2009, Hapimag opened its new flagship resort in Hörnum (Sylt), and thanks to the cooperation venture with ‘Dial an Exchange’ the company now offers even better access to apartments worldwide.
In particular the 56 holiday resorts throughout Europe contributed to the positive development of total revenue. Despite the difficult economic situation, their sales increased by 3.9 per cent. The occupancy rate of the resorts, as in the previous year at approximately 71%, was still above average for the industry.
The continuous investments in the resorts contribute considerably to this satisfactory occupancy rate. In 2009 over EUR 50 million will be invested, of which around EUR 26 million have already been transacted in the first half of the year.
Despite the tense economic situation, the sales division has remained practically stable. The net sales revenue, at EUR 15.5 million, is close to the previous year’s figure (EUR 16.1 million). The operating result (EBIT) after the first six months was EUR 1.8 million (EUR 0.2 million less than the previous year). The consolidated result of the joint-stock company, which is organised as a cooperative, totalled an encouraging EUR 1.7 million (0.7 million in 2008).
Resort in Hörnum officially opened
In May Hapimag opened its new flagship resort in Hörnum on the North Sea island of Sylt. The 151 apartments, with their modern architecture and an extensive offer of services, typify the modern expansion of Hapimag’s attractive resort portfolio. Special attention has been given to the wellness area. It includes a top-quality Deep Nature Spa, several pools, spacious relaxation areas and diverse treatment and relaxation offers. The ‘Biike’ restaurant caters for the guests with authentic regional cuisine. The resort’s occupancy rate till the end of the year is very good, with bookings totalling 94.5 per cent.
Worldwide bookings thanks to cooperation venture with ‘Dial an Exchange’ The new cooperation venture with ‘Dial an Exchange’ (DAE) means that the world has come even closer for Hapimag members. Hapimag exchanges residential properties for its members via DAE, Europe’s largest independent share exchange for holiday apartments. This means that around 1500 resorts worldwide are now available to Hapimag members.
Hapimag is number 1 in the European market for holiday rights of residence. The company was founded in 1963 as a Swiss public limited company based in the Canton of Zug in Baar and today has approximately 140,000 members. On purchasing shares, members can choose from among 56 holiday resorts with more than 5,300 apartments and hotel rooms rent-free based on a points system. The resorts are located in 16 countries in Europe, Africa and the USA. The company has around 1,700 employees worldwide.
In particular the 56 holiday resorts throughout Europe contributed to the positive development of total revenue. Despite the difficult economic situation, their sales increased by 3.9 per cent. The occupancy rate of the resorts, as in the previous year at approximately 71%, was still above average for the industry.
The continuous investments in the resorts contribute considerably to this satisfactory occupancy rate. In 2009 over EUR 50 million will be invested, of which around EUR 26 million have already been transacted in the first half of the year.
Despite the tense economic situation, the sales division has remained practically stable. The net sales revenue, at EUR 15.5 million, is close to the previous year’s figure (EUR 16.1 million). The operating result (EBIT) after the first six months was EUR 1.8 million (EUR 0.2 million less than the previous year). The consolidated result of the joint-stock company, which is organised as a cooperative, totalled an encouraging EUR 1.7 million (0.7 million in 2008).
Resort in Hörnum officially opened
In May Hapimag opened its new flagship resort in Hörnum on the North Sea island of Sylt. The 151 apartments, with their modern architecture and an extensive offer of services, typify the modern expansion of Hapimag’s attractive resort portfolio. Special attention has been given to the wellness area. It includes a top-quality Deep Nature Spa, several pools, spacious relaxation areas and diverse treatment and relaxation offers. The ‘Biike’ restaurant caters for the guests with authentic regional cuisine. The resort’s occupancy rate till the end of the year is very good, with bookings totalling 94.5 per cent.
Worldwide bookings thanks to cooperation venture with ‘Dial an Exchange’ The new cooperation venture with ‘Dial an Exchange’ (DAE) means that the world has come even closer for Hapimag members. Hapimag exchanges residential properties for its members via DAE, Europe’s largest independent share exchange for holiday apartments. This means that around 1500 resorts worldwide are now available to Hapimag members.
Hapimag is number 1 in the European market for holiday rights of residence. The company was founded in 1963 as a Swiss public limited company based in the Canton of Zug in Baar and today has approximately 140,000 members. On purchasing shares, members can choose from among 56 holiday resorts with more than 5,300 apartments and hotel rooms rent-free based on a points system. The resorts are located in 16 countries in Europe, Africa and the USA. The company has around 1,700 employees worldwide.
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