Financial Results
Orascom (ODH) Q3 2024: The company reports improved operational and financial performance in a continued challenging environment including the ongoing conflict in Gaza, geopolitical tensions in the Middle East and economic instability. The devaluation of the Egyptian Pound (EGP) has also impacted the financial results with a non-cash foreign exchange loss of CHF 40.5 Million.
MHP Hotel AG Q3 2024: The operator Munich Hotel Partners reports a strong increase in revenue and further growth in the third quarter.
Choice Hotels Int. Q3 2024: The company accelerated its unit growth, highlighted by a strong increase of conversion rooms. Total revenue and net income reached a quarterly record.
Marriott Q3 2024: The group reported another solid quarter with a three percent increase in global RevPAR. Group remained the standout customer segment.
Scandic Q3 2024: The interim report shows that it was a good third quarter for the Scandinavian chain, with stable bookings and capital returns to shareholders.
Hyatt Q3 2024: The US chain continued on its course in the third quarter by entering into further joint ventures with luxury hotel groups in order to keep its presence and pipeline going.
Accor Q3 2024: While RevPAR growth is normalizing, the Group continues to benefit from its diversification in terms of geography and segment. The Group's two divisions, Premium, Midscale and Economy (PM&E) and Luxury & Lifestyle (L&L), both posted solid performances.
Pandox Q3 2024: Pandox's third quarter was characterised by two new openings and two acquisitions. Revenue and NOI grew satisfactorily.
Wyndham Q3 2024: In the third quarter, the leading global franchisor saw 10% more franchise contracts domestically, driving 5% growth in the development pipeline and stabilizing RevPAR trends.
Hilton Q3 2024: Hilton delivers strong bottom line results in the third quarter, despite slower top line growth. The US chain opened more rooms than any other quarter in its history.