Financial Results
Wyndham Q2: The second quarter of 2023 again delivered solid results including global RevPAR growth of 7%, net room growth of 4% and the 12th consecutive quarter of sequential growth in the development pipeline.
Motel One H1: With an occupancy rate of 69% (51), H1 2023 revenues grew to 394m (240), EBITDAR increased by 75% to 208m (119), with a margin of 53% (49). EBITDA: 124m (46). EBT: 93m (27).
Pandox: Higher demand in Germany positively affected Property Management and, combined with a more active hotel market in Brussels, contributed to both higher earnings and profitability in H1 2023.
Scandic H1: During the first half of 2023, the group gradually ramped up activity in the company with a commercial and data-driven focus and the new economy brand Scandic Go.
MHP Q2: Munich Hotels Partner's RevPAR in Q2 2023 was €157, exceeding that of Q2 2019 by €22. MHP expects a 2023 with continued stable national and an increasing international demand.
Meliá H1: A steady improvement in demand, particularly in the Spanish holiday hotels, makes the Group optimistic about surpassing the previous year's revenue and net profit in H1 2023.
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.