Due to COVID, Club Santana closed its doors in March 2020 and the re-opening of the resort will depend on a strategic decision based on the following information.
We believe that it will take at least 2 years to reach occupancies and revenues levels of 2019, while 2022 will most likely be an extremely challenging year in terms of performance, therefore we have defined 2 options which supports this assumption.
Years
2022
Option A
2022
Option B
2023
2024
Occupancy Forecast
Club Santana will be closed in 2022 for investment and product requalification. This will include building an additional 9 rooms to reach an accommodation inventory of 40 units and renovating the restaurant and building a new conference facility.
25%
45%
55%
Revenue Forecast
500.000€
1.100.000€
1.400.000€
GOP Forecast
Between:
-200K€ to -350K€
Between:
10K€ to 50K€
+ 150K€