Initially specializing in tourist residences, the group is committed to all-out diversification; the specialist in tourist accommodation now has the traditional hotel industry in its sights. Particularly in the mountains, where a first signing should soon see the light of day, undoubtedly in Courchevel.
City center hotels
Odalys plans to set up in city centers depending on opportunities. Laurent Dusollier, general manager of the Odalys group, specifies: “we do not intend to buy hotels outright. This will be done through lease or management contracts.” The company, which should record a turnover of more than 300 million euros in 2023 and hopes to cross the 400 million mark within five years, is continuing its strategy, aiming to cover the entire spectrum of accommodation under management.
Rental residences are less important than in the past
The management of tourist residences, its historic profession, now represents only half of its activity.
Aparthotels continue their development in France and…in Africa!
Odalys City, the aparthotel brand, is currently enjoying “very good momentum”. “So, we are developing and the openings will accelerate,” warns the manager. This will be the case in France, where competition is very present with Adagio or Appart’City. But also in Africa, “where the aparthotel model does not yet exist”, underlines Laurent Dusollier. Two first openings are planned in Abidjan (Ivory Coast) and Kigali (Rwanda), while projects are being studied in Senegal, Ethiopia and Cameroon. All this while the Duval group, owner of Odalys, is very active on the African continent, in various sectors including real estate.
Strengthening the outdoor hotel industry
The group accelerated last year with the acquisition of Flower Campings. His park, of which he is partly the owner (the other part being simply managed) is intended to grow. “The objective is to double the size of the camping activity within five years,” indicates Laurent Dussolier.