Balance Sheets since 2023

London/Windsor. InterContinental Hotel Group had had a good first half. The actual strategy of the company is successful.

Munich. The major shareholders bring in new capital, the lessees have to accept lease reductions once again and Accor will support all this with a guarantee depending on results. When Dorint's shareholders approved the suggestions by the managing board at the annual general meeting of Dorint AG last Friday, they did it almost resignedly. The new business model now reminds all of the involved parties of their duty. After all, Dorint is deep in the reds for the third year in a row.

Adliswil/Toronto. Of the companies of the Moevenpick group, the hotels and resorts have been in the first half of 2005 the successful ones. Turnover increased by 17.2% to 296.4 million Swiss Francs. Four Seasons also improved its revenues. But all figures could improve even stronger in the second half.

Munich. In exactly one week, on August 19, the Dorint shareholders will gather for their general meeting in Dorint Sofitel Bayerpost in Munich. Two important points are to be authorized: new capital of 5.85 million Euros and the further reduction of Dorint leasing contracts.

Madrid. NH Hoteles has recorded a net profit of Euro 14.34 million in the first half of this year, which points towards an evident improvement in business performance when compared with the flat results recorded in the first quarter of the year. This is the result of a 3.7% increase in hotel revenues and a major cost saving of Euro16.4 million.

Wiesbaden. During these days the big international hotel companies publish their results of the first six months of the year. Starwood, Accor, Hilton, Fairmont and Steigenberger demonstrate shy optimism.

Duesseldorf. As reported last week, Dorint AG announced strong losses for the past fiscal year for the third time in a row. Board member Dr. Michael Theim explains the background of this development: "We have completely overcome the past with the financial burdens involved with preopenings and start-up phases." Nonetheless, there are still problems - and again, new capital needs to be approved precautionarily.

Moenchengladbach. With -27.7 million euros and a corporate loss of 31.8 million euros, the business figures of Dorint AG turned out to be worse than many had feared. The company is still far away from reaching its goal of showing profits again in 2006. However, in Moenchengladbach, they are still trying to spread optimism.

Berlin. The turnover of the German hotel group design hotels AG was higher in the last fiscal, but the bottom line shows losses.

Hongkong. A fresh wind is blowing over Asia again, despite all crises and catastrophes: Mandarin Oriental's annual results show extremely positiv effects in Asia's metropolitan cities.