Financial Results

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.

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.