Financial Results
IHG H1: Travel demand is very healthy, with RevPAR improving year-on-year across all markets and exceeding pre-pandemic peaks for four consecutive quarters, reported the new IHG CEO Elie Maalouf. In the Americas and EMEAA regions, leisure demand has remained buoyant, business and group travel continued to strengthen, while in Greater China, demand has rebounded rapidly. More than a quarter of all signings were across IHG's six Luxury & Lifestyle brands. / red
Hanover/Munich. MHP Hotel AG was able to significantly improve key performance figures in the first quarter of 2023 and anticipates a further recovery in the hotel industry. TUI Group also significantly increased revenues in its second financial quarter compared to the same period last year. Among the divisions with the largest increases are Hotels & Resorts.
Wiesbaden. Hyatt, Marriott and Motel One announce their quarterly results. Internationally, the recovery in the Asia-Pacific region is noticeable. Marriott also announces the new brand City Express and Motel One confirms the expansion with Cloud One in Germany.
Wiesbaden. Premier Inn and Warimpex look back on the full year 2022. Accor, Hilton, Pandox and Scandic report their results for the first quarter of 2023 whereas Hilton announces a new extended stay brand on the lower end of Midscale and Scandic announces the start of its economy brand Scandic Go. What all companies have in common is optimism, even if not all figures always follow on from the best years.
London. The first quarter of 2023 has seen increased yields globally, outpacing inflation. Demand saved ADR in the process, and Asia in particular gained as it opened after Corona. If the trend continues, the industry may have a strong year globally. But that remains entirely uncertain.
Wiesbaden. The Scandinavian hotel group Scandic was able to significantly increase its net revenue and RevPAR last year. CEO Jens Mathiesen attributes the fact that the occupancy of 2019 has not yet been reached again mainly to the absence of Asian guests.
Wiesbaden. Real estate developers continue to face very challenging market conditions, but the operational business in the hotel real estate sector is again much more pleasing than in the past years. Turnover is clearly catching up.
Madrid, Bangkok, Parsippany. With NH, Minor and Wyndham, further hotel groups report noticeably improved revenues and RevPARs. Everyone is cheering. Nevertheless, costs are rising everywhere.
Paris/Denham. Accor and IHG report significant RevPAR increases for 2022, many markets developed extremely positively. The results are first and foremost clouded by the sluggish China business and the still unsettled economic environment.
Rockville/Chicago/Bethesda/Stockholm. Choice Hotels' adjusted EBITDA surpassed 2019 levels by 28%. Just two years after experiencing the sharpest downturn in Marriott's history, the company also reported record financial results. Also Hyatt continue to experience positive momentum, as well as Scandic reporting its best full year result ever.