Financial Results

Palma/Bad Arolsen. In the first quarter 2011, Sol Meliá increased revenues by 13.6% and improved EBITDA by 28.9% thanks to the positive business performance, exceeding market expectations. For similar reasons, the German Hospitality Alliance is very pleased about the Q1 development.

London/Madrid/Chicago. InterContinental Hotels Group, NH Hoteles and Hyatt Corporation announced their first quarter results. While IHG and NH reported improvement, Hyatt had to struggle with the negative impacts in Japan, Middle East and North Africa.

Vienna. With new management contracts, investments in Central and Southeast Europe and the sales of proprietary real estate, the Falkensteiner Michaeler Tourism Group AG continues to grow. The 2010 business year tallies positively for the group.

Hamilton, Bermuda. Orient-Express Hotels announced its results for the first quarter ended March 31, 2011. Same store RevPar overall was up 8% in US dollars. In addition, revenues in all geographic regions grew.

Brussels/Paris/New York. European markets are back, but now, international hotel chains suffer from negative impacts in parts of the Middle East, North Africa and Japan. Overall, first quarter figures of Accor, The Rezidor Hotel Group and Starwood show optimism.

Zurich/Vienna. Swiss-German Moevenpick Hotels & Resorts posted a considerable rise in earnings for 2010, the Austrian Arcotels speaks of a record result.

Bad Ragaz. The Grand Resort Bad Ragaz group achieved more than 12% increase in turnover in fiscal 2010, and significantly higher occupation among top-class suites. Exchange rates and smoking regulations, however, made life quite difficult.

Wiesbaden. Together with the announcement of their results in 2010 NH Hoteles, Maritim and Design Hotels show optimism. Even though the slightly positive results had been hard to reach.

Munich. Room rates and room revenues strongly increased last year: The results in 2010 for Choice Hotels Europe/Germany prove that the business has noticeably pulled again since April, 2010.

Wiesbaden. Orient-Express still reports net losses, Warimpex better earnings and Motel One and Sol Melia report significantly better results. The operating results 2010 of the candidates in a brief summary including PDFs.