Balance Sheets since 2023

Brussels. "We see a continued recovery in the European hotel market although the overall macroeconomic conditions remain uncertain," said Kurt Ritter, CEO of Rezidor Hotels & Resorts. But the political turbulence in North Africa and the Middle East had a bigger impact than in the previous quarter, the group reported in the context of its first-half year results 2011.

Paris. First-half 2011 revenue totaled €2,973 million, up 4.4% over first-half 2010 on a reported basis and 5.8% at comparable scope of consolidation and exchange rates. The second quarter pushed the revenue increase for the whole six months.

Madrid. After two years of sharp drops in occupancy rates and prices, 2010 turned out to be a milestone on the path to sector-wide recovery, which is expected to continue over the years to come. Mariano Pérez Claver, the new Chairman of NH Hoteles, is convinced that the upswing will continue. The figures of the first months 2011 pushed NH into the profit zone again.

Palma/Bad Arolsen. In the first quarter 2011, Sol Meliá increased revenues by 13.6% and improved EBITDA by 28.9% thanks to the positive business performance, exceeding market expectations. For similar reasons, the German Hospitality Alliance is very pleased about the Q1 development.

London/Madrid/Chicago. InterContinental Hotels Group, NH Hoteles and Hyatt Corporation announced their first quarter results. While IHG and NH reported improvement, Hyatt had to struggle with the negative impacts in Japan, Middle East and North Africa.

Vienna. With new management contracts, investments in Central and Southeast Europe and the sales of proprietary real estate, the Falkensteiner Michaeler Tourism Group AG continues to grow. The 2010 business year tallies positively for the group.

Hamilton, Bermuda. Orient-Express Hotels announced its results for the first quarter ended March 31, 2011. Same store RevPar overall was up 8% in US dollars. In addition, revenues in all geographic regions grew.

Brussels/Paris/New York. European markets are back, but now, international hotel chains suffer from negative impacts in parts of the Middle East, North Africa and Japan. Overall, first quarter figures of Accor, The Rezidor Hotel Group and Starwood show optimism.

Zurich/Vienna. Swiss-German Moevenpick Hotels & Resorts posted a considerable rise in earnings for 2010, the Austrian Arcotels speaks of a record result.

Bad Ragaz. The Grand Resort Bad Ragaz group achieved more than 12% increase in turnover in fiscal 2010, and significantly higher occupation among top-class suites. Exchange rates and smoking regulations, however, made life quite difficult.