Financial Results

Paris/McLean/Madrid. The Corona crisis is going on, results are still bad, but hotel groups stay optimistic as there are some solid signs of recovery. The first companies published their HY1 results: Accor, Hilton and NH.

Paris/Rockville/Denham/Parsippany. Accor, Choice, IHG and Wyndham: everywhere in the red in the 2020 financial year, in some cases massively. The most resilient are international chains with a high budget and long-stay share.

Wiesbaden. The first international hotel chains published their 2020 annual financial statements, in which Corona leaves deep marks. Drastic declines in revenue and profits are also clashing with increased capacity. Nevertheless, most CEOs are confident that they have at least bottomed out.

Wiesbaden. Hyatt, Motel One, IHG, Scandic and Wyndham published their devastating Q3 figures. Particularly in Europe, with its constantly new and changing travel restrictions, there is still little light on the horizon; in other regions, things are looking a little better in some cases. But giving up is not an option for anyone.

Augsburg. Choice Hotels is quite satisfied with its results for the 2nd quarter 2020: The group performed better than the industry average, she says. IHG is also relying on returning travellers from the USA, but has nevertheless decided to reduce staff. In order to cut costs, Marriott has initiated delisting from the Chicago Stock Exchange. Radisson Hospitality and Wyndham are also struggling with significantly declining figures, but remain optimistic.

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.