Financial Results

London. InterContinental Hotels Group reports a successful year 2007 with strong growth in the Asia-Pacific region. In the Americas RevPar increased with rate generating all of the increase.

White Plains. Starwood Hotels & Resorts Worldwide reported  a decrease of EPS from continuing operations in the fourth quarter and for the whole year 2007. Hotel results were strong but were offset by declines in the company's vacation ownership and residential business as well as by a loss of earnings from hotels sold during the past year and higher tax rates.

Paris. In 2007, Accor achieved 8.1 billion Euro revenue, reflecting an increase of 6.8 percent compared to the previous year. The development strategy of the group added additional 7.9% to the revenue in 2007. Following the divestment strategy in the hotel business and the further sale von non strategic assets, the group saw a decline in revenues by 6.5%. Currency effects made the annual revenue slow down again by 1.1 percent.

Frankfurt/M. Sun International achieved strong growth in revenues, which were 17% ahead of last year at R6,9 billion. EBITDA was 27% up on last year. The leading luxury hotel operator in South Africa continues its success.

Bad Ragaz. Grand Hotels Bad Ragaz AG experienced an upswing in the first half of 2007. With a plus of 7.8%, the consolidated turnover could be increased to 48.8 million CHF. While the resort and casino divisions experienced an increase, the public Tamina Therme thermal bath recorded a slight decrease in turnover.

Interlaken. Since January this year, the Victoria-Jungfrau Collection has grown to four hotels. The group has shown improved occupancy for the first half of 2007 and gross operating income has increased beyond all expectations by 6.8 million CHF. At 6.5 million CHF, EBITDA was 1.9 million CHF greater than it was the year before.

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.