More than two million euros in gross booking revenue and more than 5,600 check-ins between June, July, and August. These are the impressive and historical numbers that LovelyStay, the leading company in the local accommodation segment nationwide, adds up during the summer of 2021. After a crisis in the sector, for the company, tourism is not only back but also shows overwhelming results when compared to the previous year.
The company had already shown excellent results in the first half of the year. Want to know more? Go to the link!
Gross revenues increased by over 165% compared to the same period in 2020, which is the result of a well-defined pricing strategy, solid market positioning, and premium properties. On average, during this summer, the value per night was 40% higher than the same period last year, and the properties managed by the company yielded, on average, 80% more than in the same quarter of the previous year.
“Tourism is back! We can see this thanks to the incredible results we have achieved in June, July, and August, having reached historic figures for the company. All thanks to the tireless work of a dedicated team, coupled with our unique technology in the short-term rental industry. With this success, we finally see that LovelyStay, a Portuguese company, is shaking up the tourist accommodation market in the country!” comments William Tonnard – LovelyStay’s CEO.
In the graph below, we can see the difference in results between last year and 2021:
After all the challenges faced in this pandemic year and a half, Tonnard assures that the company’s main goal is to continue to provide “excellent service to all customers. Since LovelyStay works for owners and for guests, the challenge is to maintain competitive prices for the guests’ budgets while at the same time meeting the owners’ profitability goals. We know that our sensible pricing strategies and our market-tracking technology were the differentiating factors for this excellent result,” he celebrates.
LovelyStay has been operating in the Tourist Accommodation market for more than 6 years with a portfolio of more than 400 properties of medium-high segments spread all over the country. With offices located in Lisbon, Porto, and Algarve, totaling around 50 employees, the company offers a professional and personalized service, tailored to clients’ needs, offering remote, full management and even consultancy services for a wide range of subjects, from construction to dynamic price management, from interior design to hospitality. Want to be our partner? Contact us by email: email@example.com or directly on our website www.lovelystay.com.
Translated by Miguel Marinho Soares