Financial Results

Stockholm/Mclean. Hilton Worldwide and Pandox, the Swedish company that owns and leases hotel properties, have announced their 2022 financial results. They show a strong recovery in business - RevPAR and ADR are expected to rise further respectively - and a cautiously optimistic mood for the hotel market in 2023.

Hannover. A strong summer with a total of 13.7 million guests ensures positive earnings contributions in all segments. The strong development was driven in particular by Hotels & Resorts, which recorded its fifth positive quarterly result in a row. With more flexible products and new customers, TUI aims to further increase turnover in the 2023 financial year – and fully repay its debt.

Wiesbaden. Despite good results and recovery during Q3 2022 at Choice Hotels International, NH Hotel Group and Valamar Riviera, factors such as increased energy costs or inflation leave a bitter taste.

Berlin. The young short-term rental company Numa looks confidently at its half-year figures and wants to push ahead with the European roll-out. After the crisis, even more so, is the motto.

Wiesbaden. There is movement in the hotel finances. Falkensteiner has successfully completed its eighth crowdfunding. Hyatt, IHG, Orascom and TUI report satisfactory quarterly or half-year results. Munich Hotel Partners uses fresh capital for expansion and Scandic has issued convertible bonds.

Wiesbaden. Orascom Development and Scandic give an optimistic insight into their half-year results 2022. Bookings are increasing.

Wiesbaden. Accor, Pandox and Scandic report a significant recovery in business towards the end of the first quarter 2022 and Warimpex announces its annual results for 2021, although the focus of projects there is now on the office sector. Whitbread publishes its FY 22 report and still believes in Germany. But the recovery there is much slower than in the UK.

Wiesbaden. More hotel chains have published their results for 2021. Accor reports a significant recovery of business in the second half of the year, IHG points to its RevPAR improvement and Choice International to its excellent domestic business that almost ensures that 2019 results are matched.

Augsburg. More hotel chains and Airbnb have published their results for the last quarter of 2021 and/or for the whole year. Airbnb's expectations for Q4 2021 were exceeded as it benefitted from the global trend to mobile working. B&B Hotels at least topped the occupancy of the first corona year 2020. Hilton reported that it significantly improved its results. At Hyatt, the new acquisition of Apple Leisure Group already had a positive effect. Marriott Hotels International made tremendous progress in its global RevPAR recovery. And Wyndham turned its 2020 loss into a sizeable profit.

Paris/London/Stockholm/Munich, Parsippany. Accor and Premier Inn publish encouraging Q3 respectively half-year figures. Pandox sees the recovery already at the beginning of phase 4 out of 6. IHG senses an upturn in business travel, Hilton has more hotels open and Scandic expects an occupancy of at least 60 percent in November. Motel One and Wyndham also report pleasingly positive progresses.