Financial Results

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.

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.