Financial Results

Bad Arolsen. In spite of a rainy start to summer and the steep figures recorded the previous year as a result of the Football World Cup, Hospitality Alliance plc has closed the first half year 2007 with a turnover plus of 6.7%

Beverly Hills. For the six-month period ended June 30, 2007, Hilton Hotels Corporation reported a net income of 260 million USD, compared to 248 million USD in the 2006 period.

Berlin. At its first general meeting on July 23, 2007, NewGen Hotels AG presented a positive summary of the developments after the radical changes since July 2006 and the splitting-off of a part of the hotel portfolio as well as the change of the corporate name. Chairman Michael Theim once more justified the necessity of selling off a hotel portfolio to Dr. Ebertz & Partner Unternehmensgruppe in order to stave off insolvency proceedings. The assets would have fallen through and rendered shareholder stakes worthless.

Paris. Accor's consolidated revenue rose 8.8% to 4.015 billion euros in the first six months of 2007. At constant scope of consolidation and exchange rates, the like-for-like increase was 6.1%, confirming that the environment remains favorable in the Services and Hotels businesses.

Moenchengladbach. NewGen Hotels plc presents itself on a new website and at the same time publishes its business report for 2006. Last year, the company still operated under the name "Dorint plc". In February of this year, name and structure were changed. The business report 2006 once again shows a three man board with two new names.

Hong Kong. The audited results for the year ended 31 December 2006, The Hongkong and Shanghai Hotels, Limited show a strong performance of its businesses during the year which was reflected in a significantly improved profit before non-operating items of 904 million HKD, an increase of 31% as compared to 2005. The increase was driven primarily by the strong performance of the Peninsula Hotels. They also performed well during the first quarter of 2007.

Frankfurt/M. The development of Maritim Hotelgesellschaft remains positive. In 2006, the total turnover excluding the franchise businesses amounted to 378 million Euros, which is 41 million Euros above the previous year's level. At the same time, the gross operating product climbed by roughly 20 million to 133.9 million Euros. In 2007, there will be further increases. The company wants to expand primarily abroad. In Germany, it plans to withdraw from health resorts.

Frankfurt/M. Thanks to good operating profits, the German Steigenberger Hotel Group with its 82 hotels can continue to look positively into the future. They contribute not only to the finance of the 150 million heavy investment programme, but also ease the company's expensive severance from unprofitable real estate and lease contracts. The clear-up process is, however, far from finished.

Interlaken. Victoria-Jungfrau AG, quoted on the Swiss stock exchange, reports profits again after the previous year's loss. Consequently, the company calls for a dividend of five francs at the annual general meeting after three years of pay freeze. "We're looking up again," says the 2006 annual report.

Bad Ragaz. In the business year 2006, the result of the Swiss Grand Hotels Bad Ragaz once again surpassed the maximum values of last year. The consolidated turnover increased by +4.6% to 94.9 million CHF; the operating result and the profit rose accordingly.