Holiday Club enjoys improved results in Finland

Finland-based Holiday Club Resorts has announced improved results for its domestic business during the financial period 2016-2017.

The company’s hotel business is experiencing strong growth, and records were broken in the consumer sales of both Villas and weekly timeshares – the latter business segment growing by four per cent to almost €45m.

Holiday Club is currently refurbishing a number of its resorts to offer customers even more comprehensive experiences.

Known for its spa hotels and week-based timeshare business – the company is a long-term RCI affiliate – Holiday Club’s turnover was €155m during the financial period 2016-2017, which ended on 31 March 2017. The company reported that the extensive renovation of its Åre spa hotel and the challenging operating environment of the Canary Islands, where it operates six resorts, impacted the group result negatively.

The company’s CEO Iiro Rossi, said: “The Villas and weekly timeshares businesses reached the best result of their history last year. The spa and hotel business is also experiencing strong growth and the indicators – such as utilisation rates and average prices – that we use for monitoring are climbing.

“Growth has been the strongest in Northern Finland where the share of foreign travellers has increased gratifyingly. Our eastern neighbours are also returning for holidaymaking and shopping as the rouble rate recovers.”

The most significant investments of the financial period were the €16.5m renovation of Spa Hotel Caribia with its new construction projects and the major concept change of Spa Hotel Åre to an active holiday resort with excellent services. New construction projects are ongoing, for example, in Kuusamo, Himos, Saariselkä, Salla and Åre.