Financial Results

Vienna. The Austrian Hotel Association presented a new tax plan which goes far beyond their competence as industry representatives. The strategic thrust of the demanded amendments is the reduction of labour costs.

Bielefeld. The Oetker Collection has announced a fall in revenues for fiscal year 2015, essentially due to the difficult economic environment in France. Growth in other destinations was not able to compensate for this.

Interlaken. Despite a challenging environment, Victoria-Jungfrau Collection AG improved its results in 2015.

Altdorf. Orascom Development Holding records a 22.2 percent increase in revenues over last year. Bottom line was negatively impacted by the increase of losses from associates, one time provisions and currency fluctuations. Yesterday, the company published its final results 2015.

Bad Ragaz. In the fiscal year 2015 the Grand Resort Bad Ragaz Group achieved revenue and profit growths in all business divisions. Nevertheless, the Franc shock left its traces on the overnight stays. The decline was compensated by the resort's rehabilitation clinic.

Munich. Design Hotels AG is content with its 2015 balance sheet and announces a double digit growth in revenue and EBITDA. A temporarily decrease in cash and cash equivalents and other current assets results from a loan to Starwood France Holdings.

Wiesbaden. Different business models and geographical spread, different annual results 2015: Choice Hotels and Motel One continue their ascent whilst Orascom Hotels is still struggling with the fallout from terror attacks in Egypt.

Berlin During the ITB the German hostel and hotel groups A&0 and Maritim as well as the Familotel consortium published their year-end results 2015. Everyone looked back on a successful year.

Wiesbaden. Hilton, Meliá and NH celebrate the strong business of 2015, the Spanish groups after all the come-back of their home country. And: Hilton still plans the spin-off of the real estate and timeshare business.

Wiesbaden. Belmond, IHG and Marriott show big differences in their year-end results 2015 but have one thing in common: better results - even though IHG's revenue was slightly down due to its change of strategy und Belmond suffered from currency depreciation. The CEOs of the companies remain positive.