Financial Results

Brussels. “Occupancy reached 2008 levels in Q4, but rates continued to decrease. With limited visibility, it is still too early to assume this is the start of a recovery," Kurt Ritter, President and CEO said yesterday while presenting the year end report 2009 of the Rezidor Hotel Group.

White Plains. For 2009, Starwood Hotels & Resorts reports a significant decrease in its operational results. Yesterday, the US chain published its financial results for the fourth quarter and the full year.

Bad Ragaz. For the first time in the history of the Grand Resort Bad Ragaz, consolidated sales have surpassed the 100-million Swiss Franc margin. The resort's expansion last spring resulted in pleasing occupancy levels. This was announced by Grand Resort Bad Ragaz AG for 2009.

Paris. Accor's hotels revenue declined by 10.1% over the year and 8.3% in the fourth quarter, which showed a slight improvement compared with previous quarters, mainly due to the first signs of stabilization in occupancy rates in December in Europe. Accor published its revenue figures this week; on February 24, the annual results will follow.

Paris. Accor S.A., Paris sees no major improvement in business in the third quarter. Consequently, operating costs in the owned/leased hotels will be raised from 120 to 150 million Euro. Accor also announced to conduct a review of the potential benefits of demerging the businesses of the Services and Hotels division.

Madrid/Vienna. NH Hoteles has had a turnover of 602.9 million Euro in the first six months of this year, 21% less than the previous year; the EBITDA was positive. The first half of the year for Warimpex Finanz- und Beteiligungs AG, Vienna, brought a loss in the amount of 98.6 million Euro because of impairment write-downs, and also in part serious declines in occupancy levels and room rates.

Augsburg. In the last two weeks Accor, the InterContinental Hotels Group, Scandic, Sol Meliá, the Victoria-Jungfrau Collection and TUI Hotels & Resorts published their half year results. All companies performed worse than in the comparable period 2008 but see signs of recovering and the positive effects of their cost reduction plans.

Hamilton/Bermuda. Orient-Express Hotels announced its results for the second quarter ended June 30, 2009: The net loss for the period was 24.3 million USD on revenue of 132 million USD, compared with net earnings of 19.5 million USD on revenue of 177.5 million USD in the second quarter of 2008.

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.