Financial Results

Stamford, Conn.. Operating in an uncertain world, Starwood CEO Frits van Paaschen is happy to report strong results for the fourth quarter and full year 2012. Year ended December 31, 2012 earnings summary income from continuing operations was $470 million for the year ended December 31, 2012 compared to $502 million in the same period in 2011.

Paris. Accor appreciates its results. Against the background of strategic changes within the company and the still stressed economy in many countries worldwide, Accor fulfilled its full-year EBIT target of between €510 million and €530 million.

Bad Ragaz. Despite the difficult economic environment, the Grand Resort Bad Ragaz AG reports an overall satisfactory result for the first half of 2012.

Wiesbaden. In the first half of 2012, Accor's development was satisfactory. In addition, Motel One and Warimpex announced good figures for the first half. However, the business of Victoria-Jungfrau Collection was not that satisfying.

London/Madrid. IHG's first half 2012 delivered good results with RevPAR growth from all regions, Spanish Meliá Group also reported increase in RevPAR and net profit. In addition to the group report, Choice Hotels Europe published separate results in their region.

Augsburg. Choice and Hyatt Hotels reported their second quarter results 2012 in good mood, Orient-Express Hotels still suffers from the declining demand for luxury travel. German operator Hospitality Alliance benefits from two strong hotels in Berlin.

Stamford/Parsippany. Starwood and Wyndham announced positive second quarter results this week. However, the global environment dampens the expectations - like other chains do right now.

Wiesbaden. Accor, Design Hotels, Marriott and Rezidor finished the first half of 2012 with respectable operational results. Nevertheless, burdens of the past and the uncertain development of the worldwide economy leave a big question mark for the future.

Munich. The Schoerghuber Corporate Group was able to increase its profit considerably again in 2011. After Schoerghuber officially left the hotel operating business last year, the hotel division is now able to present positive figures.

Bad Ragaz. The tense economic situation in Europe slowed the growth of Grand Resort Bad Ragaz group last year. And the strong Swiss franc increased the price sensitivity considerably. Turnover and profit dropped significantly, the result was negative, as the 2011 annual report proves. For SV Group, an operator of various hotels among others, the profit was halved. Only Victoria-Jungfrau Collection reported profit.