Financial Results

Financial Results

Dorint Hotels & Resorts go on with consolidation growing gently
Recovery in small steps
27.6.2008

Cologne. "Consolidate, consolidate, consolidate!" This is the main goal of Managing Director Elke Schade for Neue Dorint GmbH based in Cologne. This year and next, losses have to be cut by half once more, after which the company expects "a black zero" by 2010. Dorint Hotels & Resorts, which separated from the Accor hotel group in Germany 18 months ago, are in the middle of rebuilding the brand, a separate marketing and a separate head office. The management team explained the current economic situation, the new developments and the gentle expansion plans this Wednesday in Cologne at the annual press conference.
Maritim increases profits
20.6.2008

Frankfurt/M. Last year, the German Maritim hotel company increased profits and its equity- to-asset ratio. At a press conference in Frankfurt yesterday, company management announced concrete figures.

The 2007 figures of Steigenberger Hotels in Switzerland and Austria
Average room rates still on the rise
9.5.2008

Frankfurt/M. The three Steigenberger Hotels in Switzerland enjoyed a positive fiscal 2007. The four Steigenberger Hotels in Vienna, Krems, Linz and Kaprun also look back at an extraordinarily successful fiscal, as it was reported at the press conference on financial statements of the Steigenberger Hotel Group on Tuesday.

Lindner: 100 million Euro hurdle in Germany cleared
9.5.2008

Duesseldorf. Lindner Hotels & Resorts can look back on a successful 2007. The Group`s turnover increased from 120 million Euros in 2006 to 130.8 million Euros in 2007 - growth of around nine percent.

Warimpex surpasses goals 2007
2.5.2008

Vienna. In the financial year 2007, the Austrian Warimpex Finanz- und Beteiligungs AG succeeded in consistently realising its growth targets. High sales proceeds led to an above-average rise in the operating result. "The clear targets we defined at the time of our stock market flotation in January 2007 have all been achieved or even surpassed," CEO Franz Jurkowitsch said. The expansion is in full swing.

Resorts Bad Ragaz: Record results and new name
11.4.2008

Bad Ragaz. For the 2007 financial year, the Grand Hotels Bad Ragaz is able to report record results during the year under review, despite the current extensive refurbishment and new building work programme. Consolidated turnover increased by 4.4% to 99.1 million CHF a new all time high in the company's history. The operating result from normal business activities amounted to 11.6 million CHF. This means that last year's outstanding result has been surpassed.

Moevenpick: Significant EBIT growth
11.4.2008

Adliswil/Zurich. For the fifth consecutive year, Moevenpick Hotels & Resorts has reported consistently strong earnings growth and once again achieved a very positive operating result in fiscal 2007. With overall sales of 831.2 million CHF, MH&R was able to improve its EBIT result by 53 % relative to the prior year to 13.3 million CHF.

Hilton: Results published for the last time
4.4.2008

New York. The 2007 results of Hilton Hotels Corporation are hardly to compare with the results of 2006 as Hilton sold its Scandic hotels in 2007 and Hilton itself was sold to Blackstone in the fourth quarter of 2007. The current figures will probably the last ones to be published as Hilton is no longer listed at the stock exchange.

Sol Meliá also on the ball in Germany
4.4.2008

Frankfurt/Palma de Mallorca. Sol Meliá Germany Ltd closed 2007 with figures significantly above those recorded in 2006. In comparison to the previous year, the eleven business hotels under the Tryp brand and the 4 star hotel Meliá in Berlin were able to increase average occupancy by more than six percent.

IHG 2007: Significant growth and profit
21.3.2008

London/Windsor. The InterContinental Hotels Group plc delivered "a strong performance in 2007 reporting continuing revenue growth of 20% in constant currency. The number of rooms in our system grew by a record 5% and global RevPAR increased 7%", comments CEO Andrew Cosslett the results for the last year. System size increase of 5% or 28,848 net rooms takes the number of rooms up to 585,094 in 3,949 hotels.

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