TIN INN Holding AG, a vertically integrated hospitality platform for standardized ESG hotels in German mid-sized cities, reported strong first-half 2025 results, driven by operational growth and a successful IPO in May 2025. The company recorded approximately 12,823 overnight stays across its five operating hotels, a 34% increase compared to 9,569 stays on a pro forma basis in the prior-year period. Occupancy rose by 4 percentage points to 72.1%, while the average daily rate increased by about 3% to EUR 77.06, resulting in RevPAR of EUR 55.52.
In the first half of 2025, TIN INN generated revenues of EUR 3.7 million and total output of EUR 8.7 million, including other operating income and changes in inventories from projects under construction. The company maintained a lean cost structure, with material expenses at 23% of total output and personnel expenses at 20%. EBITDA reached EUR 3.2 million, corresponding to a margin of approximately 36% on total output, while consolidated net income after taxes stood at EUR 1.7 million.
The IPO significantly strengthened the company's equity base, raising the equity ratio to around 50% as of June 30, 2025, compared to a pro forma 10% at year-end 2024. Management confirmed its full-year 2025 guidance, expecting total output of around EUR 14 million and EBITDA of approximately EUR 4.1 million. The company also plans to double the number of operating locations from five to ten by year-end.
Co-CEO Nico Sauerland commented, 'With our successful IPO, we have laid the foundation to consistently scale our platform. The results of the first half of the year confirm the strength of our model.' The company anticipates further progress in smart factory automation, which is expected to reduce unit costs per hotel module and enhance project-level returns.
The full half-year report is available on the company's website at corporate.tin-inn.com/de/publications#financial-reports. TIN INN's business model combines modular construction using recycled ocean freight containers, full digitalization, and sustainable value creation, targeting underserved mid-sized cities with populations between 20,000 and 200,000.
