Financial Results

Vienna/Munich. The Austrian investment company Warimpex and the Ringhotels consortium both report positive figures about the first-half of 2011 from their markets; clients still stay cautious.

Wiesbaden. Apart from countries which suffer from a negative influence on the results by political turbulences or natural catastrophes, more hotel groups reported a successful first half 2011 in the last two weeks. The summary of the results from InterContinental Hotels Group, Meliá Hotels, Choice Hotels Germany and Choice Hotels Central Europe, Welcome Hotels, Hospitality Alliance AG, Victoria-Jungfrau Collection AG, and Hapimag.

Berlin/Hamilton/New York. Second quarter results of international hotel groups as Design Hotels, Orient-Express Hotels and Wyndham show significant revenue increases, but not necessarily more profit.

Brussels. "We see a continued recovery in the European hotel market although the overall macroeconomic conditions remain uncertain," said Kurt Ritter, CEO of Rezidor Hotels & Resorts. But the political turbulence in North Africa and the Middle East had a bigger impact than in the previous quarter, the group reported in the context of its first-half year results 2011.

Paris. First-half 2011 revenue totaled €2,973 million, up 4.4% over first-half 2010 on a reported basis and 5.8% at comparable scope of consolidation and exchange rates. The second quarter pushed the revenue increase for the whole six months.

Madrid. After two years of sharp drops in occupancy rates and prices, 2010 turned out to be a milestone on the path to sector-wide recovery, which is expected to continue over the years to come. Mariano Pérez Claver, the new Chairman of NH Hoteles, is convinced that the upswing will continue. The figures of the first months 2011 pushed NH into the profit zone again.

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.