Financial Results

Paris. Accor SA, the largest European hotel group is going to grow again after a slimming diet: Due to asset disposals in the first half 2008, revenue declined 6.2% to 3.76 billion Euro. On a comparable basis revenue increased by 5.2%. Yesterday Accor SA, Paris reported these figures. The stock exchange was disappointed: Until noon, the shares broke in by 3.92% to 43.22 Euro.

Aachen. A pending action for avoidance regarding the announced squeeze out was the reason for NewGen Hotels AG in Moenchengladbach to stage another regular general meeting instead of - as it had been expected since last year - finally initiating the merger of NewGen and Accor Hotellerie Deutschland GmbH.

Interlaken. "The first half of 2008 brought us the confirmation we had hoped for: the strategic and structural reorientation of the Victoria-Jungfrau Collection is proving successful," says a happy Dr. Peter Bratschi, President of the plc's supervisory board. With an increase in turnover of 2.4 percent to 45.53 million Swiss francs, the gross operating income was able to be driven up by 4.5 percent to 20.74 million Swiss francs. This means that the GOI reached 45.5 percent of the company turnover.

Warstein. All 14 Welcome Hotels look back on the first results of 2008 with satisfaction. The hotel group belonging to the Warsteiner brewery managed to increase its turnover by 5.4 million euros for the first half of the year to 22.6 million euros.

Windsor/London. "IHG had a good first half, seeing growth in both revenue per available room and in the number of hotels we operate round the world," Andrew Cosslett, CEO of the InterContinental Hotels Group commented on the interim results 2008 published on Tuesday.

Bad Arolson. In the first six months of 2008, the Ramada Hotel Group Germany/Switzerland recorded a yield of some 121.5 million Euros, up seven percent on the first six months of 2007. The GOP was up nine percent to 20.10 million Euros.

Hamilton, Bermuda. Orient-Express Hotels, owners or part-owners and managers of 51 luxury hotels, restaurants, tourist trains and river cruise properties operating in 25 countries, announced a growth of net earnings from continuing operations during the first half of 2008.

Berlin. Design Hotels AG reports its results for the 1st half year 2008: Revenues increased by approximately. 17 percent to 4.14m Euro. The EBITDA for the 1st half year 2008 came in at approximately 382,000 Euro compared to 620,000 Euro during the comparative period last year.

Brussels. Rezidor reports a successful results of the first half with a growth of EBITDA and EBITDA-margin. Revenue during the first half ending on June 30 were 399 million Euros, EBITDA 37,3 million Euros while the EBITDA margin grew to 9,4 %.

Madrid. During the the first six months of 2008, the sales of the Spanish Group NH Hoteles rose by 7.5%, to 771 Million Euros, confirming the improvement in performance compared to the same period of the previous year. EBITDA  was 146.1 Million Euros, 2.7% higher, and net income fell to 32.4 Million Euros. Hotel activities increased the RevPar by 2 percent. Expansions of the hotel group in the near future will have its focus on lease or management-contracts.