Financial Results

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.

Munich. Thanks to its real estate business, the Schörghuber Group has come through the Corona crisis relatively well so far, but other divisions, including the hotel division, suffered significantly from the pandemic.

Wiesbaden. The first quarter of 2021 continues to drag down the half-year results of the large hotel groups, but the second quarter shows increasing rays of hope. Hyatt, Marriott, Meliá, Motel One, Pandox and Wyndham reported.

Paris/McLean/Madrid. The Corona crisis is going on, results are still bad, but hotel groups stay optimistic as there are some solid signs of recovery. The first companies published their HY1 results: Accor, Hilton and NH.

Paris/Rockville/Denham/Parsippany. Accor, Choice, IHG and Wyndham: everywhere in the red in the 2020 financial year, in some cases massively. The most resilient are international chains with a high budget and long-stay share.

Wiesbaden. The first international hotel chains published their 2020 annual financial statements, in which Corona leaves deep marks. Drastic declines in revenue and profits are also clashing with increased capacity. Nevertheless, most CEOs are confident that they have at least bottomed out.

Wiesbaden. Hyatt, Motel One, IHG, Scandic and Wyndham published their devastating Q3 figures. Particularly in Europe, with its constantly new and changing travel restrictions, there is still little light on the horizon; in other regions, things are looking a little better in some cases. But giving up is not an option for anyone.

Augsburg. Choice Hotels is quite satisfied with its results for the 2nd quarter 2020: The group performed better than the industry average, she says. IHG is also relying on returning travellers from the USA, but has nevertheless decided to reduce staff. In order to cut costs, Marriott has initiated delisting from the Chicago Stock Exchange. Radisson Hospitality and Wyndham are also struggling with significantly declining figures, but remain optimistic.

Munich. Corona leaves deep financial wounds just four months after its arrival in Europe. The virus has stopped the success story of Motel One and has caused a million-dollar shortfall just as Accor has caused a billion-dollar shortfall. Hyatt and NH are also suffering.

Munich. After an excellent year 2019, Motel One has already started into 2020 with concern. Due to current developments caused by the coronavirus, the company is now not only adjusting costs but has also started short-time working.