Financial Results
GHA FY 2023: The Global Hotel Alliance reported 2023 results, with every key performance metric hitting an all-time high.
Premier Inn Q3 FY24: Our teams have delivered another strong set of results, comments Whitbread CEO Dominic Paul the results of Q3 2023 für Premier Inn. UK hotels saw a robust demand driving high levels of occupancy and strong pricing. Germany performed well in what is an important trading period with a large number of leisure and business events.
TUI Group FY 2023: The tour operator exceeds the turnover threshold of 20 billion euros for the first time. Hotels and cruises are growth areas and highly profitable.
HNH Hospitality FY 2023: The Italian hotel chain exceeded the 100-million turnover threshold for the first time. Its Board of Directors just released the preliminary results for the fiscal year closed October 31, reporting an overall operating income of 105.7 million euros, up 47% from the previous year's 71.4 million.
Minor Q3: Owned and leased hotels have driven growth in the third quarter 2023, fueled by robust leisure demand and increased business travel in Europe.
ODH 9 months: Orascom Development Holding's results for the first nine months show an economic backdrop characterized by inflationary headwinds and currency volatility has required us to remain disciplined and agile in our execution. And nowhere is this more evident than in the strong financial performance achieved across the business throughout 2023.
NH Q1-Q3: NH Hotel Group, part of Minor Hotels, generated €1.61 billion of revenue in the first nine months of 2023, up 28.1% year-on-year. Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% year-on-year and 25.2% compared to 9M19. As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively.
Choice Q3: With its good Q3 figures, Choice Hotels Int. is also showing its muscles - a sign to its competitor Wyndham that it is serious about taking it over.
Marriott Q3: Strong global demand, RevPAR gains and impressive growth in the pipeline. The biggest hotel group of the world is happy.
Meliá Q3: The good performance of Meliá's resort destinations in Spain has been complemented by their bleisure destinations in major European cities. The third quarter maintained the positive trend seen since the beginning of the year 2023.