Financial Results

Munich. After the crisis year 2009 Choice Hotels Germany & Central Europe reports that the 4-star properties suffered most while the midscale hotels only registered a slight fall in prices.

Interlaken. The 5-star hotels Victoria-Jungfrau Collection in Interlaken, Lucerne, Zurich and Berne were strongly affected by the economic downswing in 2009. Therefore, there will be no dividends.

Zurich/Adliswil. Moevenpick Hotels & Resorts has weathered the economical crisis in 2009, achieving a positive EBIT of CHF 2.3 million.

Vienna. The financial year 2009 was highly challenging for Warimpex Finanz- und Beteiligungs AG. Warimpex' business figures clearly reflect this development with impairments heavily influencing the results of the first half of the year and results for the third and fourth quarter slightly positive.

Augsburg. In the business year 2009, Design Hotels recorded significantly lower turnover and results. Maritim Hotels had a turnover of minus ten percent. However, the resort hotel group Seetel reported stable figures and a higher RevPar.

Eschborn. Best Western Hotels Deutschland are not unaffected by the economic crisis. The hotel group's total revenue rose by 0.3 percent to 504 million euros compared to the previous year - thanks to portfolio growth. However, average occupancy and the room rate of the group's hotels both declined. Regarding the current business year, the group expects further hotel expansion and slight recovery of the market.

Stockholm. "During the final quarter of 2009, the hotel market showed signs that the fall in occupancy was starting to level off, while room prices have continued to be under pressure," comments Frank Fiskers, President and CEO of Scandic Hotels the financial year 2009.

Palma de Mallorca. Sol Meliá presented financial results last week for 2009. The positive trends which began at the end of the second quarter continue, and the slowdown in rate and occupancy decreases point towards a forecast recovery in 2010. After adding 20 hotels in 2009, the company prepares its structure for further "strategic" growth at all levels.

Paris. Mit einem Umsatz von 7,065 Milliarden Euro beschliesst Accor S.A. das Jahr 2009. Das Ergebnis vor Steuern und Sonderposten liegt bei 448 Millionen Euro, der Jahresfehlbetrag beträgt 282 Millionen Euro - im Vergleich zu 575 Millionen Überschuss im Jahr zuvor. Darüber hinaus legte der Konzern die Modalitäten für die Aufspaltung der Divisionen Hospitality und Services fest.

Hamilton, Bermuda. "2009 has been a very challenging year," Paul White, CEO of Orient-Express Hotels Ltd. said, "with revenues from continuing operations down 14%, or 76.8 million USD." Worldwide, the Average Daily Rate and the RevPar declined significantly.