Financial Results

Pandox AB Jan-Sept 2023 interim report: CEO Liia Nõu sees stable earnings in a solid hotel market: "Demand in the hotel market was good in the third quarter. We have now reached a stabilised level based on current demand mix and seasonal patterns, even though international travel and large conferences and congresses have not recovered fully to 2019 levels."

Hilton Q3: "We continued to see strong results during the third quarter, exceeding our expectations for system-wide RevPAR growth, with growth across all customer segments. We also continue to leverage our industry-leading portfolio of brands to drive further growth of our global network", said Christopher J. Nassetta, President & Chief Executive Officer of Hilton.

GHA Q3: Global Hotel Alliance, the world’s largest alliance of independent hotel brands, with 800 hotels across 40 brands in 100 countries, is on track for a record year, with 2023 room revenues, room nights and total domestic and international stays year-to-date (YTD) all consistently higher than its previous best year, 2019.

 Wyndham Q3: “With our brands delivering record U.S. RevPAR and our global development teams driving net unit growth towards the top end of our initial guidance, we are raising our full-year 2022 outlook," said Geoffrey A. Ballotti, President and CEO.

IHG Q3: In the third quarter 2023, RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs.

Premier Inn H1: This is an impressive first half performance, comments Whitbread CEO Dominic Paul the results of the first-half 2023 for Premier Inn. In UK, the group maintained high levels of occupancy, in Germany, it's making good progress. "We remain on course to achieve our long-term ambition of 10-14% return on capital (ROC)."

MHP Hotel AG Q3: Munich Hotel Partners' revenue rose to 35.3 million euros in Q3, around 8% above the previous year (Q3 2022: 32.5 million). The average room rate remained at a stable high level of 210 euros (Q3 2022: 213 euros). Revenue per available room (RevPAR) continued to increase, from 155 euros in Q3 2022 to currently 158 euros.

Orascom Development Holding H1: The long-term focused destination and hotel developer's total revenue in the first half of 2023 remained almost stable at CHF 265.9m and net profit was CHF 17.7m, impacted by a CHF 9.3m foreign exchange loss.

B&B H1: The budget chain owned by Goldman Sachs is happy about a good business in the fist half of 2023, according to its latest press release, but declines to add any figures and market details within the Central and Northern Europe region when asked by hospitalityInside.

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).