How does CDRO's revenue growth compare to industry trends this year?

Codere Online's revenue growth this year has been positive, with a reported 5% increase in net gaming revenue for Q4 2024, reaching €52.6 million. This growth is in line with the overall industry trend of steady growth in the hospitality and leisure sector, which expanded to approximately $4.9 trillion in 2024, driven by increased leisure and "bleisure" travel. However, CDRO's growth is slightly lower than the projected industry growth of 4% to 5% for year-end 2025 in terms of net rooms growth.

1. **Codere Online's Revenue Growth**:
- **Q4 2024**: Codere Online reported a 5% increase in net gaming revenue for Q4 2024, reaching €52.6 million.
- **Full Year 2024**: The company's full-year net gaming revenue grew by 23% year-on-year, reaching €211.6 million. This growth was driven by strong performances in its core markets, including Spain and Mexico.
2. **Industry Trends**:
- **Global Hospitality Market**: The global hospitality market expanded to approximately $4.9 trillion in 2024.
- **Hotel Industry Growth**: Hotel brands are expecting steady growth in 2025, with projections of net rooms growth of 4% to 5% for year-end 2025.
- **Regional Variations**: The outlook for the hospitality industry is positive in urban locations but softer in suburban and small town locations.
3. **Comparison and Insights**:
- Codere Online's revenue growth of 5% for Q4 2024 is in line with the overall industry growth trajectory, although slightly lower than the projected industry growth rate for 2025.
- The company's strong performance in its core markets, such as Spain and Mexico, has contributed significantly to its growth.
- The industry's resilience and growth prospects, despite facing challenges such as geopolitical issues and competitive pressures, suggest a favorable environment for Codere Online's continued growth.

In conclusion, Codere Online's revenue growth this year is positive and in line with industry trends, with the company benefiting from strong performances in its core markets. The hospitality industry's steady growth and regional variations present opportunities for Codere Online to further expand its market presence and increase revenue growth in the future.