Financial Results

Wiesbaden. Other international hotel chains publish their balance sheets, report a good year 2019, growth and new brands. They assess the impact of the coronavirus on the year 2020 differently, depending on the main markets. Today: Accor, Choice, Hyatt, IHG, Scandic and Wyndham.

Wiesbaden. The next chain published its balance sheet for the fourth quarter and the entire year 2019 this week: Hilton. It was a good year, but now the Chinese coronary virus for 2020 is causing even more concern.

Hochheim/Frankfurt. The budget hotel group B&B Hotels achieved a total turnover of 218.4 million euros in Germany in 2019. This represents an increase of 37 million or 20.5% over the previous year. B&B currently operates 126 hotels in Germany.

Hanover. The TUI Group closed its 2019 financial year with an annual result of 893 million euro. This is mainly dampened by the continuing flight ban on the Boeing 737 Max. The core business with hotels, cruises and activities is growing significantly, the conversion to a digital company is underway and medium-term forecasts are favorable, not least due to the Thomas Cook insolvency.

Augsburg. Immense additions to rooms and a large number of new contracts have pushed the business of IHG, Marriott, Motel One, NH and Orascom in the first half of the year.

Wiesbaden. More international hotel groups have published their half-year and quarterly results. The growth rates vary considerably. Today: Accor, HNA, Hyatt, Radisson and Starhotels.

Wiesbaden. More hotel companies reported the results for Q2 and the first half of 2019 and all signal a positive trend for the year as a whole. Today: Hapimag, Hilton and Scandic.

Hamburg. Yesterday Novum Hospitality published its preliminary figures for the financial year 2018. Following the opening of 14 hotels, GOP and EBITDA rose significantly.

Cologne. Dorint Hotels is still on the upswing, and its parent company, Honestis AG, will accelerate the expansion of the hotel group by, among other things, acting itself as a buyer and co-investor again.

Altdorf. Orascom Development can look back on a successful 2018 financial year. The Group's hotels recorded a 32 percent increase in profits, while revenue grew by 19 percent. The success of the real estate sector with an impressive 59 percent increase in revenue exceeded the company's expectations.