MRH Switzerland AG, the hotel division of AEVIS VICTORIA SA, reported continued growth in the first half of 2026, despite a slight decline in the Swiss hotel market. The company's revenue rose by 1.0% to CHF 104.9 million, while maintaining high operating profitability. Key revenue-per-room indicators also improved: the average room rate increased by 2.8% to CHF 651, and revenue per available room (RevPAR) grew by 3.2% to CHF 354.
According to provisional data from the Federal Statistical Office (FSO), the Swiss hotel industry recorded 16.2 million overnight stays between January and May 2026, a 0.3% decrease compared to the same period in 2025. The second estimate for June 2026 shows a 2.2% decline in overnight stays, including a 4.6% drop in foreign demand. Based on these figures, the Swiss hotel market is expected to post a decline of approximately 0.7% for the first half of 2026 as a whole.
In this less favorable environment, MRH's revenue from accommodation rose to CHF 61.5 million (H1 2025: CHF 60.9 million), and its Food & Beverage business also grew, with revenue of CHF 38.0 million (H1 2025: CHF 37.7 million). The occupancy rate remained virtually stable at 54.3% (H1 2025: 54.1%), indicating that the increase in RevPAR is primarily due to an improvement in the average rate rather than occupancy. This demonstrates MRH's ability to create value through the positioning of its properties, pricing discipline, and the quality of its offerings.
The EBITDAR margin, a key indicator of MRH's operating performance given the AEVIS Group's integrated real estate structure, is expected to remain largely stable compared to the historically high level recorded in the first half of the previous year (26.1%). This trend is driven in particular by an increase in the Food & Beverage margin, which reached 16.6% (H1 2025: 15.1%), as well as effective control of administrative, energy, and operational expenses.
Following the completion of a major investment cycle in its properties, MRH is continuing its strategy focused on revenue quality, pricing discipline, and the continuous improvement of each asset's operational performance, leveraging the synergy between AEVIS's hotel portfolio and the expertise of Michel Reybier Hospitality. MRH is entering the second half of the fiscal year with confidence, while remaining attentive to changes in international demand, geopolitical volatility, and general economic conditions.
For more information, contact Media and investor relations: c/o Dynamics Group, Zurich, Marion Schihin, msc@dynamicsgroup.ch, + 41 79 705 88 15. About MRH Switzerland AG: MRH Switzerland AG is a hotel chain operating eleven hotels in Switzerland and abroad, under the Michel Reybier Hospitality brand. The hotels are located in premium destinations, including Zurich, Interlaken, Bern, Crans Montana, Zermatt, Davos, Flims and London. MRH Switzerland AG manages a portfolio with 1,180 rooms in operation, generating substantial annual traffic with 367,819 overnight stays. The chain employs 1,153 staff members. MRH Switzerland AG is a 100% subsidiary of AEVIS VICTORIA SA. www.michelreybierhospitality.com
About Michel Reybier Hospitality: For more than 20 years, Michel Reybier has been blazing the trail for a singular, highly contemporary vision of luxury and hospitality. Each of the Michel Reybier Hospitality destinations upholds his cherished values of excellence, authenticity and simplicity. Whether in a hotel, a villa or a private apartment, in the mountains or by the sea, in the countryside, in the heart of the vineyards or in the city... A sole requirement: namely exceptional places that throb with a distinctive emotion. A sole ambition: to share a refined art of living, dedicated above all else to our guests' well-being and pleasure. This holistic approach is based on unforgettable experiences, where sport, food, wellness and passion form an inseparable whole. This approach is supported by the medical expertise of Nescens, whose ultimate goal is to ensure people live better, healthier lives for as long as possible. The promise of instilling meaning into each and every moment. www.michelreybierhospitality.com
About AEVIS VICTORIA SA: AEVIS VICTORIA SA invests in healthcare, hospitality & lifestyle and infrastructure. AEVIS's main shareholdings are Swiss Medical Network Holding SA (76.3%, directly and indirectly), the only Swiss private network of hospitals present in the country's three main language regions, MRH Switzerland AG, a luxury hotel group managing eleven hotels in Switzerland and abroad, Infracore SA (22.6%, directly and indirectly), a listed real estate company (INFRAC.SW) dedicated to healthcare-related infrastructure, Swiss Hotel Properties SA, a hospitality real estate division, and NESCENS SA, a brand dedicated to better aging. AEVIS is listed on the Swiss Reporting Standard of the SIX Swiss Exchange (AEVS.SW). www.aevis.com
