HUNTER-driven short-term accommodation group Alloggio has upgraded its revenue guidance for the 2022 financial year from $21.5 million to $26 million.
Subscribe now for unlimited access.
or signup to continue reading
The upward revision to the Australian Stock Exchange was announced on Monday.
IN THE NEWS:
- Man convicted of 2010 killing found guilty of two Lake Macquarie armed robberies
- New red light speed camera at Charlestown: MP Jodie Harrison concerned about revenue raising over preventative safety measures
- Garth Brennan: Why I walked away from my job as Newcastle Knights pathways manager
- US mass shootings: Six dead, multiple wounded in latest episodes of gun violence at Philadelphia, Pennsylvania, and Chattanooga, Tennessee
Hunter businessman and Alloggio founder-CEO Will Creedon said that the improved outlook "reflects the strong demand for travel" since restrictions were lifted in the latter half of 2021.
"Our properties are located in popular tourism destinations on the east coast of Australia and with ongoing strong demand for travel, we continue to see positive momentum," he said.
Alloggio's revision included its EBITDA (earnings before interest, taxes, depreciation and amortisation), rising from $8.6m to between $10.5m and $11m.
Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:
- Bookmark: newcastleherald.com.au
- Download our app
- Make sure you are signed up for our breaking and regular headlines newsletters
- Follow us on Twitter
- Follow us on Instagram
- Follow us on Google News
Penelope Green
Business, news and feature reporter.
Business, news and feature reporter.
