Financial Results

Premier Inn H1: This is an impressive first half performance, comments Whitbread CEO Dominic Paul the results of the first-half 2023 for Premier Inn. In UK, the group maintained high levels of occupancy, in Germany, it's making good progress. "We remain on course to achieve our long-term ambition of 10-14% return on capital (ROC)."

MHP Hotel AG Q3: Munich Hotel Partners' revenue rose to 35.3 million euros in Q3, around 8% above the previous year (Q3 2022: 32.5 million). The average room rate remained at a stable high level of 210 euros (Q3 2022: 213 euros). Revenue per available room (RevPAR) continued to increase, from 155 euros in Q3 2022 to currently 158 euros.

Orascom Development Holding H1: The long-term focused destination and hotel developer's total revenue in the first half of 2023 remained almost stable at CHF 265.9m and net profit was CHF 17.7m, impacted by a CHF 9.3m foreign exchange loss.

B&B H1: The budget chain owned by Goldman Sachs is happy about a good business in the fist half of 2023, according to its latest press release, but declines to add any figures and market details within the Central and Northern Europe region when asked by hospitalityInside.

TUI Q3: The tour operator is back in the profit zone in Q3 2023 for the first time since the beginning of the pandemic: Adjusted Group EBIT of 169m euros is significantly improved (previous year: -27m euros). 

Hyatt Q2: Adjusted EBITDA was $273 million vs $255 million in Q2 2022. Fees reached a record level thanks to global net room growth.

Marriott Q2: The giant is growing. Adjusted EBITDA in the second quarter totaled $1,219 million (vs $1,019 million in Q2 2022). The chain now expects to return $4.1 billion to $4.5 billion to shareholders in 2023.

Choice Q2: New records in the second quarter raised the total revenues to $427.4m (+16% compared to the same period of 2022) while the integration costs of Radisson Hotels Americas lead to a decline of the net income.  

Accor H1: Better results in all segments. Full-year EBITDA guidance increases. Luxury & Lifestyle revenues grow by 40% in H1 2023.

NH H1: The robust demand allowed to reach revenues of €1,027m in the first half of 2023, an increase of 25% compared to the same period of 2019.