Financial Results

Bad Ragaz. The tense economic situation in Europe slowed the growth of Grand Resort Bad Ragaz group last year. And the strong Swiss franc increased the price sensitivity considerably. Turnover and profit dropped significantly, the result was negative, as the 2011 annual report proves. For SV Group, an operator of various hotels among others, the profit was halved. Only Victoria-Jungfrau Collection reported profit.

Augsburg. Choice Hotels International announced increased revenues for fiscal 2011 as early as in February 2012. Now, the European and German divisions are presenting their results. In addition, Moevenpick Group presented its results of the past business year as did Warimpex, a development and investment company from Austria.

Brussels. The Rezidor Hotel Group reports a revenue growth by 10% in 2011 from 786 to 864 million Euro. But EBITDA remained flat. Shareholders will not receive a dividend for 2011. The annual results, published this week.

Wiesbaden. Positive results in 2011 made further hotel groups start full of verve into 2012: Arcotel, Design Hotels, NH Hoteles, Maritim and Welcome Hotels. NH also explained it refinancing in detail to hospitalityInside.com.

Wiesbaden. Annual reports of Abba, Hospitality Alliance, Meliá, Motel One and Orient-Express please their managers, even though Orient-Express still has to fight its debts.

Wiesbaden. Accor, Choice and Rezidor announce their positive total year results of 2011, partly influenced by political unrest.

London. IHG announces an excellent year 2011 and expects to benefit from positive long term industry trends.

Parsippany. Wyndham Worldwide Corporation announced results for the three months and year ended December 31, 2011. Businesses continued to execute on a high level.

Munich. The Ringhotels consortium, with 130 midscale hotels one of German'y leading consortia, has posted a further increase in revenues in the conference and group segment in 2011.

Stamford/Frankfurt/London. International hotel chains and groups announce a growth in revenue in 2011. Growth was supported strongly by emerging markets. The figures of Starwood Hotels, Worldhotels, and Small Luxury Hotels.