Balance Sheets since 2023

Interlaken. At 93.6 million CHF, sales in 2008 recorded by the Victoria-Jungfrau Collection were slightly down on the previous year. The picture was similar in respect to gross operating income at 43.7 million CHF. Overnight stay figures were down 10.2% to 163,321. EBIT and consolidated earnings were also down. All the same, a dividend is to be paid.

Zurich. Moevenpick Hotels & Resorts completed the financial year 2008 with very good results, despite the economic challenges in the last quarter. For the sixth year in a row, both turnover and operating profit rose significantly.

Madrid The turnover of NH Hoteles increased by 1.8 percent, reaching 1,532.4 million Euros in 2008. The diversification implemented by the Company in the last few years, operating cost reduction and the contribution of the asset management strategy last year enabled the consolidated EBITDA to remain stable in a climate of economic deceleration.

Munich. Motel One closed 2008 as a successful business year. The low budget design chain headquartered in Munich recorded sales of 43 million EUR in 21 hotels and EBITDA of 15 million EUR.

Palma de Mallorca. Sol Meliá announced results for the 2008 financial year. In comparison to 2007 revenues in 2008 decreased 5,3 percent to 1,279 million Euros, net profit sank 68,4 percent to 51,2 million Euros. EBITDA decreased by 26.5 percent to 256.7 million Euros, while RevPar fell by 3.2 percent. Sol Meliá forecasts a difficult first half of 2009, particularly in business travel, accompanied by a slowdown in the resort business, somewhat offset by hotels in the Caribbean.

Munich. Despite significant plunges in the 4th quarter of 2008, Arabella Hospitality Group, Munich, was able to maintain a stable turnover in its 31 "own" hotels. Nevertheless, the occupancy decreased by two percent, but the average room rate and RevPar developed positively. For the year 2009, Arabella is risking no forecasts.

Paris. On Wednesday, Accor S.A. published its 2008 fiscal report; the day before, CEO Gilles Pélisson was able to win on his power - with the aid of the two principal shareholders. As a result, six members left the governing board. For the year 2009, the company's plan of action is "to stay on course." Nevertheless, 100 million euros will have to be saved.

Hamilton, Bermuda. Orient-Express Hotels reported a net loss of 26.6 million USD on revenue of 574.4 million USD for the year ended December 31, 2008, compared with net earnings of 33.6 million USD on revenue of 599.6 million USD in 2007. The company decided to cancel projects and minimize capital expenditure.

Parsippany. During the fourth quarter of 2008, Wyndham Worldwide Corporation had to face several special items. Full year 2008 revenues were approximately USD 4.3 billion, essentially flat compared to 2007, despite the slow-down of the vacation ownership business implemented in the fourth quarter.

London. InterContinental Hotels Group PLC announced
full year results to 31 December 2008. Revenue from continuing operations increased by 4.7% to $1,854m and continuing operating profit before exceptional items increased by 12.9% to $535m during the 12 months ended 31 December 2008.
Operating profit decreased by 24,5% to $ 403m. Profit before tax analyzed as continuing operations decreased 32 percent to $302m.