Financial Results
Orascom Development Holding (ODH) FY 2023: Preliminary real estate and hotels KPIs’ for the Financial Year show a strong rebound in hotel performance during a challenging market environment.
Scandic Q4 + FY 2023: Net sales in the fourth quarter increased steadily, and for the full year, revenues increased to 22 billion SEK, and adjusted EBITDA rose slightly to 2.6 billion SEK. For 2024, bookings are in line with last year and the company has a positive outlook for the current year. - UPDATE: The Annual Report for 2023 including the Sustainability Report was published on 12 April 2024. The PDF is attached.
Marriott Int. Q4 and FY 2023: RevPAR increased in all markets and reported net income totaled $848 million, a 26 percent increase compared to 2022 fourth quarter reported net income of $673 million.
Minor Hotels FY 2023: The Thailand-based hotel group reported a record full-year core revenue of THB 121.4 billion (approx. USD 3.4 billion) in 2023, propelling the international hotel owner and operator's core net profit to grow by 450% compared to the previous year.
TUI Group Q1 2024: Group turnover in Q1 2024 grew by 15% to 4.3 billion euros. The high propensity to travel and a strong operating performance ensure positive underlying EBIT for the first time (since the merger of TUI Travel plc and TUI AG) already in Q1.
NH Hotel Group FY 2023: NH Hotel Group, a part of Minor Hotels, reported revenue of €2.16 billion in 2023, a growth of 23% from €1.76 billion recorded in 2022 and 26% more than the €1.72 billion generated in 2019.
Pandox Q4 + FY 2023: The year concluded with a stable and positive fourth quarter in which there was good demand in regional hotel markets in all countries and strong recovery in larger cities.
Hilton Q4 + FY 2023: Net income and Adjusted EBITDA were $1,151 million and $3,089 million, respectively, for the year ended December 31, 2023, compared to $1,257 million and $2,599 million, respectively, for the year ended December 31, 2022.
H World Q4 & FY 2023: According to the preliminary operating result for the hotels, the RevPAR of the Chinese hotel group achieved significant double-digit growth. Growth at Steigenberger Hotels and its subsidiaries was slightly lower. - Update with the final figures see below.
MHP Hotel AG Q4 2023: Munich Hotel Partners currently operates nine hotels in the premium and luxury segment and reports an occupancy rate of 76% for the period, with average rates remaining high.