db Group’s hotels registered a positive performance during the six-month period between April and September 2024, with revenues rising by 8.5 per cent on the back of an “almost complete” recovery for Malta’s hospitality industry.

In its interim financial statements, posted to the Malta Stock Exchange, the group’s finance arm, SD Finance plc, stated that the db Seabank Resort & Spa, in Mellieħa, registered a nine per cent increase in turnover over the corresponding period of 2023, from €17,4 million to €19 million.

Meanwhile, the db Hotel San Antonio Resort & Spa, in St Paul’s Bay, saw its revenue increase by eight per cent, from €14.5 million to €16.1 million for the six-month period.

In total, the two hotels brought in a combined €34.6 million in revenue.

The group’s diversified holdings registered “strong results” across the board.

Seaport Franchising Limited’s turnover increased from €3.2 million to €3.7 million year-on-year after opening a new merchandising outlet in Valletta’s Republic Street.

The group is the franchise holder for Starbucks in Malta, which now number 18 outlets. Turnover in this segment “increased slightly” when comapred to the same period of the previous year to stand at €5.1 million.

db Group also introduced a new franchise, GROM, which generated €138,000 in sales over the period.

The healthcare arm of the group also continued to improve its results, with an upswing in demand for the services it offers through the operation by an associated company of the 504-bed wing at the Saint Vincent de Paul Residence.