Financial Results

Paris/Brussels/Altdorf/Cairo. Accor’s like-for-like revenue during the first quarter 2014 rose, but the home market still causes trouble. HotelServices showed a better performance than HotelInvest. Carlson Rezidor Hotel Group's Q1 2014 results are ahead of last year but still negatively impacted. 2013 was another challenging year for Orascom Development, with heavy decreases in revenues.

Augsburg. The B&B Hotels balance sheet for 2013, with an increase in turnover of 9 percent and further rising key figures, once again documents the boom of the budget hotel industry. The German Dorint Hotels & Resorts presented their 2012 business report this week: Losses characterise the picture.

Munich. The Motel One budget design chain announced record revenues and profits in the past fiscal year.

Berlin. Design is the hit: the Design Hotels Group was able to increase its turnover significantly in 2013. Shortly after that, the stock prices rocketed when Starwood Hotels announced that it plans to take over the broad majority in its subsidiary via a "domination agreement".

Wiesbaden. Three German hotel groups announce increased room rates for 2013; however, the development in terms of occupancy was rather weak. Especially Maritim Hotels has suffered immensely which has even resulted in a decrease of the room yield.

Augsburg. In 2013, the hotel groups Hilton Worldwide, Scandic, NH Hoteles and Orient-Express Hotels were keen on optimizing their portfolio and results. Not all of them achieved higher revenues in 2013 compared to 2012, nevertheless all of them show great optimism for 2014.

London/Chicago/Rockville/Rostock. Accor's growth 2013 was based more on up- and midscale than on economy hotels. With respect to IHG, Holiday Inn's turnover decreased in 2013 due to the termination of agreements; concerning Hyatt, the RevPar of the full-scale hotels increased more than that of the select service hotels in the fourth quarter; at Choice, the franchise turnovers increased; and DSR in Rostock announces good key figures.

Brussels/Stamford/Hanover. The 2013 balance sheets and the outlook for 2014 make hotel companies smile again. Rezidor's "Route 2015" program accelerated recovery, Starwood Hotels reported growing profits and RevPar, and TUI Hotels was able to compensate the losses in Egypt.

Paris. Despite the dynamic development of its franchise and management hotels in 2013, Accor's revenue declined. Main reasons were currency effects and asset sales.

Hanover. The TUI Group closes the financial year 2012/13 with a good operating result, despite the one-off expenses for the "oneTUI" programme, and is planning to resume dividend payments for the first time since 2007, with a payout of 0.15 euros per share.