Financial Results

Palma de Mallorca. Sol Meliá presented financial results last week for 2009. The positive trends which began at the end of the second quarter continue, and the slowdown in rate and occupancy decreases point towards a forecast recovery in 2010. After adding 20 hotels in 2009, the company prepares its structure for further "strategic" growth at all levels.

Paris. Mit einem Umsatz von 7,065 Milliarden Euro beschliesst Accor S.A. das Jahr 2009. Das Ergebnis vor Steuern und Sonderposten liegt bei 448 Millionen Euro, der Jahresfehlbetrag beträgt 282 Millionen Euro - im Vergleich zu 575 Millionen Überschuss im Jahr zuvor. Darüber hinaus legte der Konzern die Modalitäten für die Aufspaltung der Divisionen Hospitality und Services fest.

Hamilton, Bermuda. "2009 has been a very challenging year," Paul White, CEO of Orient-Express Hotels Ltd. said, "with revenues from continuing operations down 14%, or 76.8 million USD." Worldwide, the Average Daily Rate and the RevPar declined significantly.

London. The InterContinental Hotels Group plc reported its group results 2009: Revenue decreased by 18.9% to $1,538m and operating profit before exceptional items decreased by 33.9% to $363m.

Bad Arolsen. The roughly 70 hotels of Ramada and Treff Hotels in Germany, Austria and Switzerland - bundled into Hospitality Alliance AG - generated 242.2 million euros in turnover in 2009, which is only 2.9% less compared to the same period of the previous year. This was announced by the hotel group yesterday.

Bethesda. For the full year 2009, adjusted income from continuing operations attributable to Marriott totaled $342 million, a decline of 38 percent, and adjusted diluted EPS from continuing operations attributable to Marriott shareholders was $0.93, a decline of 38 percent. Marriott International published its fourth quarter and year end results yesterday.

Parsippany. “We are pleased to report solid earnings and increasing free cash flow for the quarter and the year, and to announce an increase in our dividend along with our intention to resume our share repurchase program. Our results reflect resilient business models and strong execution,” said Stephen P. Holmes, chairman and CEO, Wyndham Worldwide presenting the results for the year ended December 31, 2009.

Brussels. “Occupancy reached 2008 levels in Q4, but rates continued to decrease. With limited visibility, it is still too early to assume this is the start of a recovery," Kurt Ritter, President and CEO said yesterday while presenting the year end report 2009 of the Rezidor Hotel Group.

White Plains. For 2009, Starwood Hotels & Resorts reports a significant decrease in its operational results. Yesterday, the US chain published its financial results for the fourth quarter and the full year.

Bad Ragaz. For the first time in the history of the Grand Resort Bad Ragaz, consolidated sales have surpassed the 100-million Swiss Franc margin. The resort's expansion last spring resulted in pleasing occupancy levels. This was announced by Grand Resort Bad Ragaz AG for 2009.