Balance Sheets since 2023

Berlin. For the first half year of 2009, Berlin-based Design Hotels AG reports a decline in revenue of ten percent resulting from a decrease in the booking commmissions.

Parsippany. Wyndham Worldwide Corporation announced results for the three months ended June 30, 2009. Second quarter revenues of 920 million USD declined by 19% from the prior-year period, reported net income for the second quarter of 2009 was 71 million USD, or 0.39 USD diluted EPS, compared with net income of 98 million USD, or 0.55 USD diluted EPS, for the second quarter of 2008.

Munich. Midscale hotels are benefitting from the shift in conference business from top-categories to midscale hotels. Ringhotels, Germany's largest consortium with 3 and 4-star hotels, recorded a plus of 26.7% in the conference business in the first half 2009. Occupancy, on the other hand, is declining.

Bethesda. Marriott International, Inc. revenues totaled approximately 2.6 billion USD in the 2009 second quarter compared to 3.2 billion USD for the second quarter of 2008. Base management and franchise fees declined 19 percent to 219 million USD reflecting worldwide declines in revPAR in all brands The second quarter results 2009 are published.

White Plains. The company still suffers severely from the credit crunch, despite the increased net income. Yesterday, Starwood Hotels & Resorts Worldwide, Inc. also reported its second quarter and half year financial results 2009.

Brussels. "The global recession continues to impact the hotel market and industry RevPAR in Europe fell more than 20% in the first six months of the year compared to the same period in 2008," comments Kurt Ritter, President and CEO of The Rezidor Hotel Group on the half-year results 2009. During the second quarter, the market showed signs of stabilisation in occupancy decline, while room rates continued to drop further.

Paris. In the first-half 2009 Accor's revenue is down 8.1% like-for-like
In a severely deteriorated economic environment, hotels revenue continued to decline, contracting 11.4% like-for-like.

Cologne. "The situation is tense but under control," said Elke Schade, Managing Director of Dorint GmbH, right at the beginning of the annual press conference on Wednesday in Cologne. The year 2008 concluded with an increased gross operating profit of 6.8% in comparison to 2007. The crisis mainly affected the Dorint Hotels abroad in the first five months of 2009, and therefore the GOP decreased by -6.9% at the end of May compared to the same period in 2008. Concerning individual operative figures, Dorint Hotels & Resorts are no worse off than other national or international hotel groups. One problem of the young hotel company, which was re-founded three years ago, is still the exorbitant the inflexible lease agreements. Four times in a row, there have been talks with the owners in order to obtain lease reductions. Measures have been undertaken to be able to meet the crisis on a daily basis. Schade does not wish to give an economic prognosis for 2009. But Dirk Iserlohe, Managing Director of Dorint's parent company E&P Holding in Cologne, gave a separate, detailed interview for hospitalityInside.com.

Utrecht. By July 1, 2009, the Dutch law firm dealing with the insolvency proceedings of Golden Tulip will come to a decision. It seems that four parties have applied for continuation of company operations.

Interlaken. The President of the Administrative Board of Victoria-Jungfrau Collection, Peter Bratschi, could breathe a sigh of relief after the shareholders meeting on 22nd May. The 661 shareholders attending the 114th  GM in Interlaken represented 80.8% of total share capital of 28 million CHF. All motions were approved and the mood was lively, in spite of the crisis.