Balance Sheets since 2023
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.
Augsburg. Design Hotels are back to growth in the first half of this year, Sol Meliá reports a significant higher profit, and Orient-Express Hotels' losses could be reduced. In general, the first six months 2010 showed positive signs for all three groups.
Augsburg. Several hotel groups reported their results of the second quarter or the first half 2010 in the last two weeks. Here are the figures of Choice, NH Hoteles, Rezidor, Starwood and Wyndham Hotels - ranging from flat to extremely successful results.
Paris. Last Tuesday, Accor published its revenues for the first-half 2010. Revenue totalled 2,849 million Euro, up 6.1% over first-half 2009 on an adjusted basis and 4.7% at comparable scope of consolidation and exchange rates.
Bad Ragaz. The opening of the Grand Resort Bad Ragaz in 2009 took place during the globally largest economic crisis since the end of the twenties. Although only part of the hotel's capacities were available at the beginning, and the Tamina Therme only opened in the middle of 2009, the Grand Resort Bad Ragaz AG achieved the 100-million franc margin for the first time with a consolidated 100.5 million CHF.
Vienna. The Falkensteiner Michaeler Tourism Group based in Vienna, to which Falkensteiner Hotels & Resorts belongs, presented its annual results last Wednesday in Vienna. The background: The company intends to become more transparent for investors and equity partners. Accordingly, it will convert to an "AG", an Austrian stock corporation. This brings personnel changes at the top level of management. The group ends 2009 positively. Six new contracts have recently been signed and a further four are imminent.
Munich. One Hotels & Resorts AG, Munich unites the low budget design hotels of the Motel One brand as well as three resort hotels. Their performance is varied. Now, results for 2009 have been reported.