Hapimag Ltd.: Hapimag increases occupancy in summer 2012

During this year's summer season from July to September, Hapimag again recorded over 1.1 million overnight stays. At 88.8 per cent, the occupancy rate of all 57 resorts and residences increased by 1.6 per cent (previous year 87.2 per cent). 31 of the 57 resorts show an occupancy rate of over 90 per cent – including a mixed bag of addresses in the south, in the north and in European metropolises: The highest occupancy rate was achieved by the residence in Antibes (FR) at 98.1 per cent, followed by Bowness-on-Windermere (GB) at 97.9 per cent, Binz (DE), Dresden (DE) and Paguera (ES) each at 97.8 per cent, and Cannero (IT) at 97 per cent.

Constant high demand in the Swiss resorts
In some tourist regions of Switzerland, in July and August 2012 there was a decrease in overnight stays. According to the Swiss Federal Statistics Office, for example, in July 2012 the number of overnight stays in Grisons decreased by 8.4 per cent and in the Bernese Oberland by 9.4 per cent. Contrary to these trends – and despite the strong Swiss franc – the Hapimag resorts in Switzerland remain in great demand. Although the summer occupancy rate at the four Swiss resorts at 90.9 per cent is slightly below the previous year's level (91.9 per cent), it is still very high. As last year, the residence in Ascona is the most popular Swiss address, with an occupancy rate of 96.5 per cent (previous year 96.8 per cent), followed by Interlaken at 95.2 per cent (previous year 94.8 per cent), Andeer at 92.5 per cent (previous year 95.2 per cent) and Flims at 83.8 per cent (previous year 86.3 per cent). The resorts and residences in Austria were able to benefit from the high exchange rate and achieved with 80 per cent a significantly higher occupancy rate than in the previous year (71.7 per cent ). The addresses in Germany also recorded an improved occupancy rate of 92.1 per cent (previous year: 89.4 per cent).

Hapimag instead of second homes
Hapimag members use the apartments as second homes. This enables the resorts and residences to achieve such high occupancy rates. By way of comparison: According to various surveys, the rate of owner occupancy of second homes in Switzerland averages around six weeks per year, which corresponds to an occupancy rate of approximately 11.5 per cent. At Hapimag, the Swiss resorts and residences achieved an occupancy rate of 73.3 per cent in 2011. The Hapimag business model thus contributes to preventing the phenomenon of 'cold beds'.

Hapimag instead of second homes
Hapimag members use the apartments as second homes. This enables the resorts and residences to achieve such high occupancy rates. By way of comparison: According to various surveys, the rate of owner occupancy of second homes in Switzerland averages around six weeks per year, which corresponds to an occupancy rate of approximately 11.5 per cent. At Hapimag, the Swiss resorts and residences achieved an occupancy rate of 73.3 per cent in 2011. The Hapimag business model thus contributes to preventing the phenomenon of 'cold beds'.

Media Contact:
Hapimag AG Doris Zetzema Corporate Communications Neuhofstrasse 8 6349 Baar Tel. 041 767 82 05 Fax: 041 767 89 15 media.relations@hapimag.com www.hapimag.com

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