Financial Results

Stamford/Frankfurt/London. International hotel chains and groups announce a growth in revenue in 2011. Growth was supported strongly by emerging markets. The figures of Starwood Hotels, Worldhotels, and Small Luxury Hotels.

Paris. For 2011, Accor reports a revenue growth of 5.2 percent resulting in a total revenue of 6.1 billion Euro. 38,700 new rooms in 318 hotels contributed to this sustained revenue growth.

Frankfurt/Main. HMG Hotel Management and Service Company announced a pleasing result for the whole year 2011. For 2012, Rothschild events are planned.

Hong Kong. The Hongkong and Shanghai Hotels, Limited announced its unaudited interim results for the first six months 2011. The results were impacted by the Japan earthquake and tsunami though the general trend was positive. The results are also an update of the Peninsula hotel development.

Vienna/Munich. The Austrian investment company Warimpex and the Ringhotels consortium both report positive figures about the first-half of 2011 from their markets; clients still stay cautious.

Wiesbaden. Apart from countries which suffer from a negative influence on the results by political turbulences or natural catastrophes, more hotel groups reported a successful first half 2011 in the last two weeks. The summary of the results from InterContinental Hotels Group, Meliá Hotels, Choice Hotels Germany and Choice Hotels Central Europe, Welcome Hotels, Hospitality Alliance AG, Victoria-Jungfrau Collection AG, and Hapimag.

Berlin/Hamilton/New York. Second quarter results of international hotel groups as Design Hotels, Orient-Express Hotels and Wyndham show significant revenue increases, but not necessarily more profit.

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.