Balance Sheets since 2023

Munich. Corona leaves deep financial wounds just four months after its arrival in Europe. The virus has stopped the success story of Motel One and has caused a million-dollar shortfall just as Accor has caused a billion-dollar shortfall. Hyatt and NH are also suffering.

Munich. After an excellent year 2019, Motel One has already started into 2020 with concern. Due to current developments caused by the coronavirus, the company is now not only adjusting costs but has also started short-time working.

Wiesbaden. With Barceló, Meliá and NH, three groups of Spanish origin report their results for 2019, which vary greatly depending on the strategy und locations. Best Western Central Europe announces a strong increase in brokered sales and Marriott and Radisson say they are satisfied of the course of 2019. Surprisingly, the Jing Jiang subsidiary Radisson expects only minor declines due to the corona virus in 2020.

Wiesbaden. Other international hotel chains publish their balance sheets, report a good year 2019, growth and new brands. They assess the impact of the coronavirus on the year 2020 differently, depending on the main markets. Today: Accor, Choice, Hyatt, IHG, Scandic and Wyndham.

Wiesbaden. The next chain published its balance sheet for the fourth quarter and the entire year 2019 this week: Hilton. It was a good year, but now the Chinese coronary virus for 2020 is causing even more concern.

Hochheim/Frankfurt. The budget hotel group B&B Hotels achieved a total turnover of 218.4 million euros in Germany in 2019. This represents an increase of 37 million or 20.5% over the previous year. B&B currently operates 126 hotels in Germany.

Hanover. The TUI Group closed its 2019 financial year with an annual result of 893 million euro. This is mainly dampened by the continuing flight ban on the Boeing 737 Max. The core business with hotels, cruises and activities is growing significantly, the conversion to a digital company is underway and medium-term forecasts are favorable, not least due to the Thomas Cook insolvency.

Augsburg. Immense additions to rooms and a large number of new contracts have pushed the business of IHG, Marriott, Motel One, NH and Orascom in the first half of the year.

Wiesbaden. More international hotel groups have published their half-year and quarterly results. The growth rates vary considerably. Today: Accor, HNA, Hyatt, Radisson and Starhotels.

Wiesbaden. More hotel companies reported the results for Q2 and the first half of 2019 and all signal a positive trend for the year as a whole. Today: Hapimag, Hilton and Scandic.