Financial Results
Berlin. The Hotel Adlon Kempinski in Berlin achieved the best results in 2006 since its reopening in 1997. On 24 November the Adlon also welcomed its millionth guest. The reward: a stay in the hotel's new presidential suite.
Paris. Consolidated revenue rose by a reported 8.4% in the first six months of 2006. At constant scope of consolidation and exchange rates, the like-for-like increase was 6 percent. Together with the figures of the first-half 2006 Accor presented it's future business structure and a new brand for non-standardized economy hotels. 535 hotels are for sale.
London. InterContinental Hotels Group's total revenue halved from 1,060 billion to 499 million pounds in the first six months 2006 following the floatation of soft drinks group Britvic plc, in which InterContinental was previously a joint owner.
Bad Ragaz. Swiss Grand Hotels Bad Ragaz plc. reports in its results for the first half of the year 2006 an increased consolidated revenue of 45.4 million Swiss Francs, which is 4.6% more than in the previous year. All businesses of the group contributed to this result.
Augsburg. More quoted "global players" present their 2006 quarterly and semi-annual figures. Today`s overview contains the figures of Design Hotels, Choice International, Four Seasons, Mandarin Oriental and Orient-Express Hotels.
Augsburg. The quoted "global players" present their 2006 quarterly and semi-annual figures. The key figures developed well particularly in the US and South America. In Europe, the Football World Cup pushed the group business, as Marriott emphasised. The following overview contains the figures of Hilton, Marriott and Starwood as well as those of the Steigenberger and NH Hoteles groups which are relevant to the German market.
Paris. Accor's business is picking up in all countries and business fields: Accor's consolidated revenue rose 8.4% to 3,690 billion Euros in the first six
months of 2006. At constant scope of consolidation and exchange rates, the increase was 6.0%. Business expansion accounted for 3.6% of growth while asset disposals had a negative impact of 3.4%.
Augsburg. The results 2005 of German Dorint AG show critical figures: Following an annual net deficit of 27.7 million Euros in 2004, the figure published in this year's report stands at -40 million Euros. The result means that since 2002 the annual net deficits stand at 148.1 million Euros. The state of affairs is even more bitter when one takes into account that turnover, both for the group as well as the plc, has increased. The Dorint Chairman was candid, leaving no doubt that the present situation endangers the existence of Germany's largest hotel company. The report: "The liquidity requirement of the company and the group is covered only till the start of 2007."
Basle. The star is rising again: Switzerland's Hapimag plc., leading provider for holiday home renting, has announced profits of 1.6 CHF for 2005 in its consolidated annual report. In the previous year the figure stood at -11.5 million CHF.