(AOF) – Myhotelmatch announces an operational loss of 600,000 euros for the first half of 2023, and a negative net income Group share of 700,000 euros. “These losses remain perfectly framed in this investment phase on the application, the generation of revenues of which will only occur gradually from the second half of 2023,” says the luxury travel platform based on matching. “At the end of June, the Group’s cash and available assets amounted to nearly 800,000 euros compared to 1.4 million euros at the end of December 2022.
For the first half of 2023, consolidated turnover stands at 7 million euros.
While the company had not achieved any turnover for the first half of 2022, this travel booking platform, “today without direct competition on an international scale”, wants to “revolutionize luxury tourism”. by combining the matching technologies that have made dating sites so successful with a benchmark hotel offering.
Myhotelmatch will take a decisive step forward in the fourth quarter with the launch of its application on October 18.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.