Financial Results

Windsor. InterContinental Hotels Group had had a good first half. Continuing revenue rose 12 % from 377 million pounds to 422 million pounds which was a growth of 20 % at constant currency.

Brussels/London. The Rezidor Hotel Group finished the first six months 2007 with results better than the overall market. Also the British Orient-Express Hotels report double-digit increases.

White Plains. Starwood Hotels & Resorts Worldwide reported strong second quarter 2007 financial results and the results for the six months ended June 30, 2007. In the second quarter 2007, all key figures increased. 

Palma de Mallorca. Coinciding with the presentation of positive financial results for the first half of the year, the hotel chain Sol Meliá issued a report to the Spanish National Stock Exchange Commission regarding certain issues of great interest which will have a fundamental effect on the future strategy of the company led by Gabriel Escarrer Juliá.

Bad Arolsen. In spite of a rainy start to summer and the steep figures recorded the previous year as a result of the Football World Cup, Hospitality Alliance plc has closed the first half year 2007 with a turnover plus of 6.7%

Beverly Hills. For the six-month period ended June 30, 2007, Hilton Hotels Corporation reported a net income of 260 million USD, compared to 248 million USD in the 2006 period.

Berlin. At its first general meeting on July 23, 2007, NewGen Hotels AG presented a positive summary of the developments after the radical changes since July 2006 and the splitting-off of a part of the hotel portfolio as well as the change of the corporate name. Chairman Michael Theim once more justified the necessity of selling off a hotel portfolio to Dr. Ebertz & Partner Unternehmensgruppe in order to stave off insolvency proceedings. The assets would have fallen through and rendered shareholder stakes worthless.

Paris. Accor's consolidated revenue rose 8.8% to 4.015 billion euros in the first six months of 2007. At constant scope of consolidation and exchange rates, the like-for-like increase was 6.1%, confirming that the environment remains favorable in the Services and Hotels businesses.

Moenchengladbach. NewGen Hotels plc presents itself on a new website and at the same time publishes its business report for 2006. Last year, the company still operated under the name "Dorint plc". In February of this year, name and structure were changed. The business report 2006 once again shows a three man board with two new names.

Hong Kong. The audited results for the year ended 31 December 2006, The Hongkong and Shanghai Hotels, Limited show a strong performance of its businesses during the year which was reflected in a significantly improved profit before non-operating items of 904 million HKD, an increase of 31% as compared to 2005. The increase was driven primarily by the strong performance of the Peninsula Hotels. They also performed well during the first quarter of 2007.