The Danish-owned hotel chain Comwell Hotels today announced its annual results for 2024. Comwell improved both its top and bottom lines, with revenue of DKK 1,322.4 million compared with DKK 1,290.6 million in 2023, and profit before tax of DKK 47.3 million compared with DKK 34.2 million in 2023. The chain has also strengthened its ESG foundation and is optimistic about the future, which includes several new hotel projects.
Comwell continues its positive development, setting another revenue record in 2024. Combined with a higher occupancy rate and improved earnings, this reinforces Comwell’s position as one of Denmark’s leading hotel chains.
“2024 has been a good year for Comwell. We have set a new revenue record and improved our results compared with last year. This reflects consistently strong demand for both overnight stays and meeting facilities. Our employees have done an outstanding job and help create unique moments for our guests every single day,” says Peter Schelde, CEO of Comwell Hotels.
2024 was also a notable year for Comwell’s ESG work. In particular, the year saw the Group complete a double materiality assessment, which clarified the most material ESG topics within the chain’s business. The assessment helps both to set strategic direction and to strengthen Comwell’s foundation in a constantly changing market.
“ESG is now fully integrated into our business strategy and has the support of both the Board of Directors and senior management. We want not only to keep pace with developments, but also to set the direction for our ESG work,” says Peter Schelde.
In 2024, Comwell also maintained its focus on its employees and their well-being, training and development. In recent years, Comwell has enjoyed considerable success with its own Apprentice Academy and the two internal training programmes, Green Chef and Green Hostmanship. During the year, Comwell developed another training programme: a Talent Academy, designed to help the hotel chain continue to attract the best professionals and further develop its employees’ skills.
Following several years of adjustments to Comwell’s portfolio, the hotel chain is now ready to look ahead to new projects.
“We look forward to expanding with new hotels that fit our strategy – we currently have the opening of an impressive hotel tower in Aarhus and a hotel in Kongens Lyngby on the agenda. We are seeing growth across the market, and we would like to be part of this positive development. We are well advanced with promising projects and negotiations and look forward to sharing more details in the future,” concludes Peter Schelde.
Comwell is a Danish-owned and nationwide hotel chain with hotels throughout Denmark as well as ODEON in Odense and Comwell Centralværkstedet in Aarhus. Comwell has been operating meeting and conference hotels for around 55 years and has won several awards over the years for its meeting, service and food concept.
Comwell was the first to introduce Danes to the modern meeting package back in 1969. Today, it is still Comwell's core business, and the professional advice, insight, learning tools and sparring is handled by the hotel chain's trained MeetingDesigners. Comwell also services education and training programmes, workshops, job interviews, board meetings, exhibitions and events and has approximately 2.500 rooms and 320 meeting and conference rooms.
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