Financial Results

Stockholm. Frank Fiskers, Scandic's President and CEO, is pleased with the results for the first half of 2008: "Scandic continues to enjoy positive development, with results showing improvements on last year in terms of revenues, profit and sustainability ratios."

Adliswil/Zurich. Moevenpick continues its upward trend in its 60th business year. Compared to the same period in the previous year, the Moevenpick Group increased its total turnover by 5.7% to 699.7 million CHF in the first half of 2008. The group's EBIT improved by 6.4 million CHF, amounting to 14.1 million CHF and nearly doubling the results of the previous year. Despite being delisted, the company published these figures last week.

Vienna. Warimpex Finanz- und Beteiligungs AG was able to achieve a significant increase in revenues, EBITDA and EBIT in H1 2008. With this performance, the company continued to pursue its growth objectives, despite the plunging real estate stock prices.

Bad Ragaz. Despite reduced capacities, the turnover of the Grand Resort Bad Ragaz AG in Switzerland was very satisfying in the first half of 2008. Although, the Grand Hotel Hof Ragaz and the Tamina Therme were closed in the course of the first half of 2008, the consolidated turnover of the AG amounts to 40.7 million CHF. Therefore, the consolidated turnover just decreased by 17%.

Paris. Accor SA, the largest European hotel group is going to grow again after a slimming diet: Due to asset disposals in the first half 2008, revenue declined 6.2% to 3.76 billion Euro. On a comparable basis revenue increased by 5.2%. Yesterday Accor SA, Paris reported these figures. The stock exchange was disappointed: Until noon, the shares broke in by 3.92% to 43.22 Euro.

Aachen. A pending action for avoidance regarding the announced squeeze out was the reason for NewGen Hotels AG in Moenchengladbach to stage another regular general meeting instead of - as it had been expected since last year - finally initiating the merger of NewGen and Accor Hotellerie Deutschland GmbH.

Interlaken. "The first half of 2008 brought us the confirmation we had hoped for: the strategic and structural reorientation of the Victoria-Jungfrau Collection is proving successful," says a happy Dr. Peter Bratschi, President of the plc's supervisory board. With an increase in turnover of 2.4 percent to 45.53 million Swiss francs, the gross operating income was able to be driven up by 4.5 percent to 20.74 million Swiss francs. This means that the GOI reached 45.5 percent of the company turnover.

Warstein. All 14 Welcome Hotels look back on the first results of 2008 with satisfaction. The hotel group belonging to the Warsteiner brewery managed to increase its turnover by 5.4 million euros for the first half of the year to 22.6 million euros.

Windsor/London. "IHG had a good first half, seeing growth in both revenue per available room and in the number of hotels we operate round the world," Andrew Cosslett, CEO of the InterContinental Hotels Group commented on the interim results 2008 published on Tuesday.

Bad Arolson. In the first six months of 2008, the Ramada Hotel Group Germany/Switzerland recorded a yield of some 121.5 million Euros, up seven percent on the first six months of 2007. The GOP was up nine percent to 20.10 million Euros.