Financial Results

Wiesbaden. Belmond, Choice Hotels, Design Hotels, Hyatt Hotels, IHG, Meliá Hotels and NH Hotel Group: All companies reported solid 2016 first half results and are convinced of a bright future. The big success of the Spanish companies is partly based on the changed travel behavior caused by terrorism.

Wiesbaden. First half results of the global players AccorHotels, Hilton, Marriott, Starwood Hotels and Rezidor generally meet the expectations but they are negatively influenced by some unforeseen slumps in important markets. Overall, growth slows down.

Munich. The business division Hotel of the Schoerghuber Group developed slightly positive in 2015 and expanded during the reporting year with two aloft hotels in Munich and Stuttgart. Still, the divisions Construction, Real Estate and Beverages remain as the solid business pillars.

Palma de Mallorca/Munich. The Spanish company Barceló Hotels presented its new multi-brand strategy this week along with its new company structure. Last year, it co-founded a new REIT. It also separated holding and operations into two distinct companies. The Barceló Hotel Group has thus become an owner-operator. This allows Spain's third largest hotel group to push expansion forward much more rapidly. BHG would also like to acquire smaller groups. And the company has big plans in Asia too: 100 hotels under franchise with Plateno. "We want volume," Raúl Gonzáles, CEO Europe, Middle East & Africa, said last Tuesday in Munich.

Vienna. The Austrian Hotel Association presented a new tax plan which goes far beyond their competence as industry representatives. The strategic thrust of the demanded amendments is the reduction of labour costs.

Bielefeld. The Oetker Collection has announced a fall in revenues for fiscal year 2015, essentially due to the difficult economic environment in France. Growth in other destinations was not able to compensate for this.

Interlaken. Despite a challenging environment, Victoria-Jungfrau Collection AG improved its results in 2015.

Altdorf. Orascom Development Holding records a 22.2 percent increase in revenues over last year. Bottom line was negatively impacted by the increase of losses from associates, one time provisions and currency fluctuations. Yesterday, the company published its final results 2015.

Bad Ragaz. In the fiscal year 2015 the Grand Resort Bad Ragaz Group achieved revenue and profit growths in all business divisions. Nevertheless, the Franc shock left its traces on the overnight stays. The decline was compensated by the resort's rehabilitation clinic.

Munich. Design Hotels AG is content with its 2015 balance sheet and announces a double digit growth in revenue and EBITDA. A temporarily decrease in cash and cash equivalents and other current assets results from a loan to Starwood France Holdings.