Financial Results

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.

Wiesbaden. Hyatt, Maritim and Motel One are also satisfied with the course of business in 2018. At Hyatt, adjusted EBITDA decreased due to significant transaction activity. Maritim reports revenues of 15 million euros compared to 2017. Motel One remains focused on expansion.

Wiesbaden. Openings, a merger and improved results: More hotel chains have reported their 2018 financial statements, giving insights to their future strategy. Today: Belmond, NH, Marriott and Radisson. The latter will be delisted soon.

Wiesbaden. Over the past few days, several major international hotel groups have published their annual results 2018. Proudly, everybody looks to the future with optimism. Today: Accor, Hilton, Hyatt, IHG, Scandic, Wyndham.

Madrid. At FITUR in Madrid, Ramón Aragonés, CEO of NH Hotel Group, reported a positive balance for 2018 and gave a promising outlook for 2019. Also Barceló Hotel Group presented its results 2018 at the fair. CEO Raúl González reported that the growth rate exceeded the one of the last years. In contrast, Italian h.n.h. Hotels suffered from their limited inventory.

Wiesbaden. The half-year and Q2 results of the hotel operators and developers reflect the effects of the continuing increase in tourism. IHG, Marriott and Orascom are satisfied with the current performance of their businesses and continue to focus on expansion.

Augsburg. Design Hotels, Hyatt, Meliá and Motel One are among those with good news for the first half and second quarter of 2018, respectively.

Wiesbaden. With AccorHotels, Arabella Hospitality, Radisson and Scandic, four European hotel groups look back on the results of First Half 2018 or on the Financial Year 2017 as a whole. All four are satisfied, but have quite different strategies.

Hamburg. Growth continues, all trends remain intact, and the very good trading performance for summer 2018 fully matches TUI Group's expectations. The company reported its H1 2018 performance. Hotels and cruises are the backbone of the success story.

Wiesbaden. Design Hotels and Orascom Development reported their results of the financial year 2017. Both groups saw growing revenues in a still challenging economic environment.