Villa Nora Hvar shows very good results.
Our old project from 2004 for the owner was updated last year with a business analysis before the decision on the renovation of the property, based on available data, with high occupancy, excellent guest ratings, and stable accommodation prices.
Location and Main Features
Villa Nora is located in the heart of Hvar, in a renovated 14th-century palace, just a few minutes’ walk from the harbor, main square, and all landmarks. It has only 9 rooms, allowing personal guest attention and exclusivity. Guests receive breakfast, free WiFi, parking, and the property is pet-friendly and family-oriented.
Occupancy and Prices
Nightly rates in peak season (July/August) range from 110 to 160 EUR per room on top portals. Average occupancy in central Hvar for small guesthouses ranges from about 85–95% in summer, while in pre-season and post-season it drops significantly (40–60%). Villa Nora is often fully booked in summer months, according to guest reviews.
Guest Ratings and Reviews
Guests on Booking.com, TripAdvisor, and Expedia give Villa Nora ratings between 4.5 and 5.0, praising cleanliness, breakfast, location, room size, and staff. More than 380 guests provide highly positive reviews, highlighting excellent service, breakfast, and owner’s assistance.
Key Financial Indicators (Estimate)
Average nightly price: 120–140 EUR during the season.
Average length of stay: 2–4 nights.
Number of rooms: 9, maximum 18-27 guests.
Seasonal revenue per room (60 days, 85% occupancy, avg. 130 EUR):
9×60×0.85×130=59,670 EUR
Fixed cost share (staff, cleaning, utilities, tax): 40-50%.
Expected gross annual profit (without investments and loans): approx. 55,000–90,000 EUR, assuming high seasonal occupancy and additional income from services (breakfast, parking, transfers).
SWOT Analysis
Strengths: Excellent location, history, great reviews, low competition in luxury segment.
Weaknesses: Seasonal dependence, small capacity, historic building restrictions.
Opportunities: Expanding offers (events, exclusive services) and cooperation with restaurants.
Threats: Decline in tourist traffic off-season, economic instability, rising maintenance costs.
Conclusion
Villa Nora Hvar is a commercially viable investment in the boutique accommodation segment, provided quality service is maintained and costs are optimized outside the main tourist season.
