Balance Sheets since 2023

Palma de Mallorca. Sol Meliá announced results for the 2008 financial year. In comparison to 2007 revenues in 2008 decreased 5,3 percent to 1,279 million Euros, net profit sank 68,4 percent to 51,2 million Euros. EBITDA decreased by 26.5 percent to 256.7 million Euros, while RevPar fell by 3.2 percent. Sol Meliá forecasts a difficult first half of 2009, particularly in business travel, accompanied by a slowdown in the resort business, somewhat offset by hotels in the Caribbean.

Munich. Despite significant plunges in the 4th quarter of 2008, Arabella Hospitality Group, Munich, was able to maintain a stable turnover in its 31 "own" hotels. Nevertheless, the occupancy decreased by two percent, but the average room rate and RevPar developed positively. For the year 2009, Arabella is risking no forecasts.

Paris. On Wednesday, Accor S.A. published its 2008 fiscal report; the day before, CEO Gilles Pélisson was able to win on his power - with the aid of the two principal shareholders. As a result, six members left the governing board. For the year 2009, the company's plan of action is "to stay on course." Nevertheless, 100 million euros will have to be saved.

Hamilton, Bermuda. Orient-Express Hotels reported a net loss of 26.6 million USD on revenue of 574.4 million USD for the year ended December 31, 2008, compared with net earnings of 33.6 million USD on revenue of 599.6 million USD in 2007. The company decided to cancel projects and minimize capital expenditure.

Parsippany. During the fourth quarter of 2008, Wyndham Worldwide Corporation had to face several special items. Full year 2008 revenues were approximately USD 4.3 billion, essentially flat compared to 2007, despite the slow-down of the vacation ownership business implemented in the fourth quarter.

London. InterContinental Hotels Group PLC announced
full year results to 31 December 2008. Revenue from continuing operations increased by 4.7% to $1,854m and continuing operating profit before exceptional items increased by 12.9% to $535m during the 12 months ended 31 December 2008.
Operating profit decreased by 24,5% to $ 403m. Profit before tax analyzed as continuing operations decreased 32 percent to $302m.

Wiesbaden. Mark Thompson, Managing Director of the B&B Hotels GmbH Deutschland, is satisfied with the past fiscal year of 2008. Despite the difficult months for the industry, he was able to surpass the aims for 2008. In the last year, the budget hotel chain generated a turnover of 16.1 million euros in Germany; this is a significant increase of 28 percent.

Bethesda. For the full year 2008, Marriott International adjusted income from continuing operations totaled 555 million USD, a decline of 26 percent. Total fees and timeshare declined. For 2009, the group's outlook also is not very optimistic.

Stockholm. Scandic reports strong figures for 2008 though business weakened in the second half of the year. Revenue and operating profit increased, giving a profit margin of 14.7%. The Scandinavian hotel group captured market share in most markets.

Brussels. As market conditions worsen Rezidor increases cost reductions and maintains asset-light growth strategy. The negative impact of the economic slow down on the European hotel market escalated during the last quarter of 2008 with double digit drops in industry RevPar as a result. The group's year-end-report 2008 was published this week.