Financial Results

Augsburg. The quoted "global players" present their 2006 quarterly and semi-annual figures. The key figures developed well particularly in the US and South America. In Europe, the Football World Cup pushed the group business, as Marriott emphasised. The following overview contains the figures of Hilton, Marriott and Starwood as well as those of the Steigenberger and NH Hoteles groups which are relevant to the German market.

Paris. Accor's business is picking up in all countries and business fields: Accor's consolidated revenue rose 8.4% to 3,690 billion Euros in the first six
months of 2006. At constant scope of consolidation and exchange rates, the increase was 6.0%. Business expansion accounted for 3.6% of growth while asset disposals had a negative impact of 3.4%.

Augsburg. The results 2005 of German Dorint AG show critical figures: Following an annual net deficit of 27.7 million Euros in 2004, the figure published in this year's report stands at -40 million Euros. The result means that since 2002 the annual net deficits stand at 148.1 million Euros. The state of affairs is even more bitter when one takes into account that turnover, both for the group as well as the plc, has increased. The Dorint Chairman was candid, leaving no doubt that the present situation endangers the existence of Germany's largest hotel company. The report: "The liquidity requirement of the company and the group is covered only till the start of 2007."

Basle. The star is rising again: Switzerland's Hapimag plc., leading provider for holiday home renting, has announced profits of 1.6 CHF for 2005 in its consolidated annual report. In the previous year the figure stood at -11.5 million CHF.

Frankfurt/M. The Steigenberger Hotel Group has concluded its fiscal 2005 with a positive, but significantly lower result compared to the previous year. The consolidation is taking effect; occupancy is rising again; the room rate, however, went down by another 30 cents in the whole group.

Frankfurt/M. The Swiss hotels of the German Steigenberger Hotel Group made the best contribution to company accounts in 2005 with figures well above average. In Austria increased room rates were able to balance out losses threatening from decreases in occupancy.

Interlaken. The Grand Hotel Victoria Jungfrau plc. owns not only the 5 star hotel in Interlaken by the same name, but also the Hotel Palace in Lucerne, as of last year the Hotel Eden au Lac in Zurich. The trio has now renamed itself the "Victoria Jungfrau Collection". In the financial year 2005, however, the plc wrote bad figures, both in terms of turnover and profit.

Adliswil/Zurich. Moevenpick Hotels & Resorts are once again well in the black. The Moevenpick group, on the other hand, shows less positive results. Figures for 2005 were announced yesterday.

Paris. Gilles Pélisson, the new Chief Executive Officer of
the Accor Group, left a poor impression following his first presentation,
according to media reports last week. Shares dropped by 6.5 percent after
the leading European hotel operator published the results for 2005.  

Berlin. At the ITB in Berlin, the management team of Marriott International was highly optimistic. In 2005, the company recorded a record in earnings per share of 2.89 US dollars. Due to the hitherto 2006 accounting statistics, Marriott International expects an increase in operating results by 30 to 34 percent.