Financial Results

Paris. Accor reports a solid growth of 2.8% like-for-like in its first-half 2014 revenue, led by a good momentum in the second quarter, But business remains low in France. Compared to the same period of the previous year, revenue declined.

Munich. The Schoerghuber Group from Munich registered stable results in their beverages and construction & real estate business segments in 2013 and the seafood segment even increased. Only the hotel division registered a decline.

Augsburg. Hilton, Meliá, Motel One and Preferred have announced their quarterly figures and remain optimistic for the current year. The Grand Resort Bad Ragaz in Switzerland has for the first time since 2008 posted a profit and is pleased by the approval for a new outpatient clinic.

Denham/Bethesda. First Quarter results of InterContinental and Marriott show a solid international RevPar growth, both companies are very proud of the performance of the US market and believe in its ongoing growth. For the complete business year 2013, also Steigenberger and the Victoria-Jungfrau Collection saw revenue increases, while VJC's results declined.

Stamford/Chicago/Bermuda/Rockville/Parsippany. While Starwood and Orient-Express Hotels report a revenue decline during the first quarter 2014 compared to 2013, Choice, Hyatt and Wyndham report increases.

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.