Financial Results

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.

Brussels/Paris/Chicago. Officially, it was "a year of record openings and strongly improved cash-flow", nevertheless the Rezidor Hotel Group recorded a loss after tax. The Accor results, also published this week show significant growth as well as the American Hyatt Hotels Corporation reports a very positive development in 2010.

Bethesda. Marriott International announced a plan to split the company’s businesses into two separate, publicly traded companies for lodging and timeshare. For the full year 2010, adjusted net income increased 27 percent and totalled 435 million USD. InterContinental Hotels Group plc published its preliminary results for the year 2010 reporting an "excellent year" with an operating profit of 444 million USD.

Berlin. Last Friday, the management of Design Hotels AG decided with approval of the Supervisory Board to transfer the listing of its shares at the Munich stock exchange.

Munich. With its 2010 annual result, the Ringhotels consortium picked up where it left off in 2008. In the 2009/2010 year-on-year comparison, the individual Ringhotels achieved both an increase in turnover and an increase in booking figures.