Financial Results

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.

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.