Company History
From family business to 4-star global player
With a turnover prognosis of 55.5 m euro and an expected utilization of 76 per cent ARCOTEL Hotels is currently preparing for 2012. ARCOTEL Hotels is one of the most successful private Austrian companies in the tourism sector.
Since the company was founded in 1989 the Austrian company has gone from being a family-run enterprise to a noted 4-star chain that in Germany is one of the 50 strongest hotel groups in respect of turnover.
Company founder KommRat Raimund D. Wimmer - an obituary
Steady success after 1989 when the ARCOTEL group was founded was overshadowed in 2006 by a tragic event. Its founder, managing director and CEO, Raimund D. Wimmer passed away.
Mr. Wimmer had been active in all areas of tourism for over 25 years. He started his career by training at the college for tourism, Schloss Klessheim in Salzburg, studied business management as a working student at the Vienna University of Business & Economics and economics at the University of Vienna.
He took on the position of European Director and International Vice-President at the Hotel Sales and Marketing Association (HSMA), and for several years was the President of the marketing group L’Austria per L’Italia and managing board member of the Austria Convention Bureau. He was also Vice-President of the Round Table of Conference Hotels Austria and spokesman for the Vienna 4-star Allianz. He is the author of “Winning in Tourism through Professional Marketing and Successful Sales”.
Continuing on a course of expansion: 4 hotel openings in 20 months
Since February 2007, Manfred Mayer has been sole CEO of the ARCOTEL Hotels AG and in the same year he completed the portfolio adjustment. Thus both the founder, Mr. Wimmer, and his successor, CEO Mr. Mayer have laid the foundations for further growth.
Four hotels opened in the following two years. As the only privately run family company ARCOTEL gained an AA rating in Austria’s Investment Ranking in the years 2007 – 2010 and is amongst the six best hotels companies in the country. In Germany in 2007 the company achieved an A rating and the position was held until 2010. ARCOTEL’s turnover in 2010 was 53.08 m euro, representing an increase of 12.94 per cent over the previous year. Utilization was at 73.84 per cent and the revenue per room was 32.504 euro.
Since 2009, strengthening of structures: success prevails
In the 2011 Investment Ranking of the twelve leading hotel companies in Austria, ARCOTEL Hotels once again achieved an AA ranking. In Germany it maintained its A rating with an improved points score. Turnover was also on a steady increase: in May 2011 the group parted with the ARCOTEL Boltzmann Vienna, yet the remaining nine hotels were still able to increase turnover to EUR 54 million, according to the preliminary figures of March 2012. The average occupancy rate amounted to 75.02 % and the turnover per room was EUR 34,005.04, which is equivalent to an increase of EUR 1,501.04 compared to the previous year. In May 2012, opened the ARCOTEL Onyx Hamburg.
Manfred Mayer, CEO of ARCOTEL Hotel AG
KommRat Raimund D. Wimmer, founder