Financial Results

TUI Q3: The tour operator is back in the profit zone in Q3 2023 for the first time since the beginning of the pandemic: Adjusted Group EBIT of 169m euros is significantly improved (previous year: -27m euros). 

Hyatt Q2: Adjusted EBITDA was $273 million vs $255 million in Q2 2022. Fees reached a record level thanks to global net room growth.

Marriott Q2: The giant is growing. Adjusted EBITDA in the second quarter totaled $1,219 million (vs $1,019 million in Q2 2022). The chain now expects to return $4.1 billion to $4.5 billion to shareholders in 2023.

Choice Q2: New records in the second quarter raised the total revenues to $427.4m (+16% compared to the same period of 2022) while the integration costs of Radisson Hotels Americas lead to a decline of the net income.  

Accor H1: Better results in all segments. Full-year EBITDA guidance increases. Luxury & Lifestyle revenues grow by 40% in H1 2023.

NH H1: The robust demand allowed to reach revenues of €1,027m in the first half of 2023, an increase of 25% compared to the same period of 2019.

Wyndham Q2: The second quarter of 2023 again delivered solid results including global RevPAR growth of 7%, net room growth of 4% and the 12th consecutive quarter of sequential growth in the development pipeline.

Motel One H1: With an occupancy rate of 69% (51), H1 2023 revenues grew to 394m (240), EBITDAR increased by 75% to 208m (119), with a margin of 53% (49). EBITDA: 124m (46). EBT: 93m (27).

Pandox: Higher demand in Germany positively affected Property Management and, combined with a more active hotel market in Brussels, contributed to both higher earnings and profitability in H1 2023.

Scandic H1: During the first half of 2023, the group gradually ramped up activity in the company with a commercial and data-driven focus and the new economy brand Scandic Go.