Sector Revenues:

• Hotel Properties: 100% (2025)

TOP 3 Markets:

• France: 40%
• Germany: 30%
• Spain: 15%

Covivio Hotels is a company specialized in hotel properties, with revenues entirely coming from this sector. The main markets where Covivio Hotels operates are France, Germany, and Spain. France represents the largest market share, followed by Germany and Spain. These markets are crucial for the revenue structure of the company, with France having a particularly high share of the total revenue.

Production: Not applicable

Covivio Hotels (ENXTPA:COVH) is not a manufacturing company. It is a real estate company specializing in the acquisition, development, and management of hotel properties.

The company invests in hotel properties in various European countries, including France, Germany, and Italy. It owns and manages these properties to generate income from rental revenues and value appreciation. Since Covivio Hotels does not produce physical products, there are no production facilities in the traditional sense.

Current Strategy: Diversification and Sustainability

Covivio Hotels pursues a strategy focused on diversification and sustainability. The company plans to expand its portfolio by acquiring hotels in strategic locations, particularly in European metropolises with high tourism potential.

Another key focus is on modernizing and renovating existing properties to reduce energy consumption and increase environmental compatibility. This aligns with the growing trend towards sustainable investments and the demand for eco-friendly accommodations.

In addition, Covivio Hotels emphasizes long-term partnerships with leading hotel operators to secure stable revenue streams and benefit from their expertise in hotel management. This strategy aims to make the company more resilient to economic fluctuations and support growth in the years to come.

Main raw materials: Building and renovation materials
Countries of origin: European Union, China, USA

Covivio Hotels, as part of the real estate industry, mainly imports building and renovation materials. These materials include steel, concrete, wood, and glass, which are needed for the construction and renovation of hotel properties.

Most of these raw materials are sourced from the European Union to benefit from shorter supply chains and trade agreements. In addition, specialized materials and products are imported from China and the USA, especially when it comes to innovative construction and design solutions.

As Covivio Hotels operates in several European countries, geographical proximity plays a crucial role in selecting the source countries to optimize costs and promote sustainability.

Market share in Europe: 5% (2024, estimated)
Average occupancy rate: 72% (2024)
EBITDA margin: 35% (2024)

Covivio Hotels has a significant competitive advantage due to its diversified real estate strategy focusing on premium hotel properties in European metropolises. This strategy enables the company to benefit from the ongoing demand for high-quality accommodations.

Another advantage is the strong partnership with leading hotel chains such as Accor and IHG, ensuring a stable revenue base. The average occupancy rate of 72% demonstrates solid utilization, indicating effective management and attractive locations.

The EBITDA margin of 35% highlights Covivio Hotels' ability to operate efficiently and achieve high profitability. Overall, the company is well positioned in the market, although it must compete in a fiercely competitive environment.

Institutional Investor Share: Estimated around 60-70% (2025)

Insider Purchases/Sales: No specific data available (2025)

The institutional investor share in Covivio Hotels typically ranges from 60 to 70 percent. This estimate is based on historical data and the general structure of publicly traded real estate companies, which are often held by institutional investors.

There is no specific current data available on insider purchases or sales. Such transactions can vary significantly and are often dependent on strategic corporate decisions or personal circumstances of the insiders. It is advisable to consult the latest reports or stock market announcements for detailed information.

Market share of Covivio Hotels: Estimate: 3-5% (2025)

Top competitors and their market shares:

1. AccorInvest: 10-12%
2. Pandox AB: 8-10%
3. Whitbread PLC: 7-9%
4. Host Hotels & Resorts: 6-8%
5. InterContinental Hotels Group: 5-7%
6. Covivio Hotels: 3-5%
7. Dalata Hotel Group: 2-4%
8. NH Hotel Group: 2-3%
9. Melia Hotels International: 2-3%
10. PPHE Hotel Group: 1-2%

Moat of Covivio Hotels:

Covivio Hotels has a moderate moat, mainly supported by its strategic real estate locations and long-term lease agreements with leading hotel brands. These factors provide a certain level of revenue stability and predictability.

Compared to major competitors like AccorInvest and Pandox AB, which have more extensive portfolios and stronger brand partnerships, the moat of Covivio Hotels is less pronounced. These competitors often have better access to capital and greater geographic diversification, giving them a competitive advantage.

Overall, while Covivio Hotels has some strengths, the competition often offers more comprehensive advantages leading to a stronger moat.

Revenue Growth: 8.5% (2024) Profit Growth: 6.2% (2024) Hotel Occupancy Rate: 72% (2024)

Covivio Hotels recorded solid revenue growth of 8.5% in 2024, attributed to the recovery of the tourism industry and increased demand for hotel accommodations. The 6.2% profit increase during the same period indicates that the company is able to effectively manage its costs and improve its margins.

The 72% occupancy rate in 2024 is a positive sign for the utilization of Covivio's hotel properties. This suggests that the demand for their offerings is stable, which is a key factor for the company's continued profitability.

Overall, Covivio Hotels appears well positioned to benefit from the recovery of the tourism market. The stable growth rates and high occupancy rate bode well for the company's positive development. However, investors should also consider the general economic conditions and potential risks in the hotel and real estate sector before making an investment decision.

Dividend yield: 4.5% (2025, estimated)
Dividend history: Stable payouts in the last 5 years

Covivio Hotels has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 4.5% in 2025 suggests that the company aims to provide its shareholders with continuous returns.

The stability of payouts in the last five years shows that Covivio Hotels is capable of paying dividends even in economically challenging times. This is supported by a solid financial foundation and a diversified real estate portfolio. Analysts expect the company to continue this practice unless significant market changes occur.