Financial Results
Orascom Development Holding (ODH) Q1 2024: In the first three months of the year, ODH achieved a strong performance, with real estate sales of CHF 256.7 million, up by 143.1%. Total revenues increased by 15.7% to CHF 151.5 million despite the challenging business environment.
Hyatt Hotels Corp. Q1 2024: The US chain closes the first quarter of the new year with a series of records, even in the Hyatt membership program.
TUI Group Q2 2024: Q2 2024 was again promising for the group. Revenue grew by at least 10% and underlying EBIT by at least 25% to 3.1 billion euros. The continued high propensity to travel ensured 2.8 million guests, 14% more than in the same period of the previous year.
IHG Q1 2024: The global RevPAR in the first quarter of 2024 continued to grow, with an impressive performance in EMEAA. The pipeline is also increasing, and in Germany IHG added 119 hotels by an agreement with Novum Hospitality.
Choice Q1 2024: The first quarter of the year ended with mixed results for the global franchisor. The disappointment over the failed merger with Wyndham is still deep-seated.
Marriott Q1 2024: While demand in the U.S. and Canada has normalized, international RevPAR grew stronger with gains in occupancy and ADR.
Premier Inn FY 2024: Die Hoteltochter der Whitbread-Gruppe erzielte in ihrem Heimatmarkt Grossbritannien im Geschäftsjahr 2024 einen Rekord-Profit und einen Rekord-Cashflow. Ein optimiertes F&B-Konzept soll die Expansion vorantreiben. In Deutschland hält das Unternehmen konsequent an seiner bisherigen Strategie fest.
Accor Q1 2024: For the first quarter of 2024, the Group reported revenue of €1,236 million, up 8% on a like-for-like basis (LFL) compared with the first quarter 2023. This increase breaks down into a 6% growth for the Premium, Midscale and Economy division and a 12% growth for the Luxury & Lifestyle division.
Scandic Q1 2024 Jan-March interim report: The company noted a stable start to the year and a good booking situation for the second quarter.
Wyndham Q1 2024: Wyndham reports a growth in comparable adjusted EBITDA and free cash flow and announces its partnership with WaterWalk.