Covivio Hotels - Revenues at end-March 2026 : +1.4% Revenue growth year-on-year

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PRESS RELEASE Paris, April 15, 2026 Covivio Hotels - Activity at end-March 2026: +1.4% Revenue growth year-on-year In the first quarter of 2026, hotel performance in Europe demonstrated the sector's resilience, with first-quarter RevPAR1 growth of approximately +3.6%, driven primarily by an increase in average room rates of around +2.0% - particularly in Southern Europe - coupled with rising occupancy rates. As of the end of March, the strongest performance was seen in Italy, which benefited from the Winter Olympics in February (cumulative RevPAR as of the end of March: +25%), and in Spain (+6%). Against the backdrop of an international landscape disrupted by the conflict in the Middle East, Europe is showing resilience in the short term and could benefit from a favorable carryover effect in the medium term. RevPAR in March rose by +4% in Spain and France, +3% in the United Kingdom, and +1% in Germany. For the premises and business hotels portfolio held by Covivio Hotels, the on-the-books forecast for the coming months remains solid in both France and Germany. Europe should also benefit, in the medium term, from a shift in demand. For example, Oxford Economics expects an 8% increase ‌1 RevPAR : Revenue Per Available Room, preliminary data from MKG covivio.eu Follow us on Twitter @covivio_ And on social media 1 in international arrivals in Europe by 2026, up 2 percentage points from forecasts made prior to the conflict in the Middle East. Acquisition of a portfolio of four hotels in Milan for €217 million Covivio Hotels is consolidating its expansion strategy in Southern Europe with a major transaction involving the acquisition of a portfolio of four 4-star hotels in Milan, for a total price of €217 million. The transaction strengthens the Covivo Hotels' positioning in Italy, particularly in Milan2, a market supported by robust demand in both the business and leisure segments. The recently renovated portfolio of hotels ensures high quality standards and modern amenities. The assets will also feature high energy performance and a low environmental impact: the enhancement process will lead the properties to obtain LEED Gold/BREEAM In-Use Very Good certification. All assets comply with the European Taxonomy and meet the CRREM emission targets set for 2030. The Milan hotels, located in the Scalo Farini area, in Bicocca, in Corso Buenos Aires, and in Piazzale L...

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