Financial Results

London. IHG's 2012 results reflect continued RevPar growth in each of the regions. Group RevPar growth remained robust for the year, although trading was affected by the impact of Eurozone uncertainty as well as industry-wide challenges in Greater China. The results were published two days ago.

Augsburg. In the annual balance sheet for 2012, Design Hotels are suffering from outstanding accounts; however, Hospitality Alliance AG, Maritim and Scandic Hotels were able to report increasing revenues and profits. They all remain optimistic for the current year.

Wiesbaden. With their worldwide development strategy, Spanish Meliá Hotels resist the crisis in the home country. Despite a decline in revenues, Pandox stays optimistic and Ringhotels announces a plus of four percent. Nevertheless, the mixed feelings persist.

Wiesbaden. Luxury hotels in Europe still suffer from the crisis, budget hotels flourish, as the 2012 results from companies like Accor, Marriott, Motel One, IHG and Orient-Express underline. But all of them show optimism for the future.

Brussels. Despite a continued fragile global macroeconomic climate, Rezidor’s like-for-like RevPar continued to show a positive development with a growth of 4% in the fourth quarter of 2012. For the full year, RevPar grew by 5%, fueled by a strong growth in Eastern Europe and the Middle East and Africa.

Stamford, Conn.. Operating in an uncertain world, Starwood CEO Frits van Paaschen is happy to report strong results for the fourth quarter and full year 2012. Year ended December 31, 2012 earnings summary income from continuing operations was $470 million for the year ended December 31, 2012 compared to $502 million in the same period in 2011.

Paris. Accor appreciates its results. Against the background of strategic changes within the company and the still stressed economy in many countries worldwide, Accor fulfilled its full-year EBIT target of between €510 million and €530 million.

Bad Ragaz. Despite the difficult economic environment, the Grand Resort Bad Ragaz AG reports an overall satisfactory result for the first half of 2012.

Wiesbaden. In the first half of 2012, Accor's development was satisfactory. In addition, Motel One and Warimpex announced good figures for the first half. However, the business of Victoria-Jungfrau Collection was not that satisfying.

London/Madrid. IHG's first half 2012 delivered good results with RevPAR growth from all regions, Spanish Meliá Group also reported increase in RevPAR and net profit. In addition to the group report, Choice Hotels Europe published separate results in their region.