Qawra Palace Hotel has almost doubled its revenue for the period between April and September 20224, when compared to the corresponding period of the previous year, with “exceptional” occupancy levels and “remarkably good reviews” from guests.

Room rates have also increased by 10 per cent over the period.

In its interim financial statements for the half year to 30th Septmeber 2024, the company noted that the surge in revenue is mainly attributable to fact that the hotel only reopened in June of 2023, after a major refurbishment. At the time, it had opened at reduced capacity and with some works still in progress.

Therefore, the 95 per cent increase in revenue for the period, from €7.7 million to €15 million, must be seen in light of last year’s limited capacity.

Nonetheless, the operator of Qawra Palace Hotel, Mallard Co. Ltd, said the hotel is “performing exceptionally well in terms of occupancy levels, increased room rates and remarkably good reviews from guests who stayed at the hotel.”

Occupancy levels for the period stood at 95.2 per cent.