Covivio Hotels Reports 1.4% Revenue Growth by Q1 2026

Covivio Hotels reported a 1.4% rise in revenue year-on-year by the end of March 2026. The performance was bolstered by a robust hotel market in Europe, with RevPAR growth driven by a 2% increase in room rates. Italy notably benefited from the Winter Olympics, boosting RevPAR by 25%.

The company also strengthened its portfolio by acquiring four hotels in Milan for €217 million. These assets meet high environmental standards and are situated in prime urban locations. The lease agreements offer a stable rental return.

Furthermore, Covivio initiated new projects in Paris and Ghent, aimed at enhancing existing facilities and adding new features. A target yield exceeding 10% and significant CO2 reductions are expected from these projects.

The slight revenue decrease on a current basis is attributed to ongoing renovations, yet the company remains optimistic about future revenue growth.