Financial Results

Wiesbaden. Together with the announcement of their results in 2010 NH Hoteles, Maritim and Design Hotels show optimism. Even though the slightly positive results had been hard to reach.

Munich. Room rates and room revenues strongly increased last year: The results in 2010 for Choice Hotels Europe/Germany prove that the business has noticeably pulled again since April, 2010.

Wiesbaden. Orient-Express still reports net losses, Warimpex better earnings and Motel One and Sol Melia report significantly better results. The operating results 2010 of the candidates in a brief summary including PDFs.

Brussels/Paris/Chicago. Officially, it was "a year of record openings and strongly improved cash-flow", nevertheless the Rezidor Hotel Group recorded a loss after tax. The Accor results, also published this week show significant growth as well as the American Hyatt Hotels Corporation reports a very positive development in 2010.

Bethesda. Marriott International announced a plan to split the company’s businesses into two separate, publicly traded companies for lodging and timeshare. For the full year 2010, adjusted net income increased 27 percent and totalled 435 million USD. InterContinental Hotels Group plc published its preliminary results for the year 2010 reporting an "excellent year" with an operating profit of 444 million USD.

Berlin. Last Friday, the management of Design Hotels AG decided with approval of the Supervisory Board to transfer the listing of its shares at the Munich stock exchange.

Munich. With its 2010 annual result, the Ringhotels consortium picked up where it left off in 2008. In the 2009/2010 year-on-year comparison, the individual Ringhotels achieved both an increase in turnover and an increase in booking figures.

Parsippany. For the full year 2010, Wyndham Worldwide Corporation reports revenues of 3.9 billion USD, an increase of 3% over the prior-year period. Hotels contributed to this result with a 9% increase in the fourth quarter.

Paris. For 2010, Accor reports a strong increase in hotels revenue, up 7.4% like-for-like. All segments saw revenues rising, also the economy hotels in the U.S.. The EBIT target was revised upwards to about 440 million Euro versus the 400-420 million Euro previously announced.

Wiesbaden. The half-year figures of the hotel chains give cause for hope on the whole. Some resort destinations, however, really suffered from the flying ban caused by the volcanic ash this spring. The industry's growth is mainly driven by the increase in occupancy, the rates are slowly recovering. An insight into the figures of IHG, Hyatt, Hospitality Alliance, Welcome, and Hapimag. The Accor results for the first-half 2010 are reported in the separate Accor news today.