Financial Results

Global Hotel Alliance Q2 2024: UAE-headquartered GHA has reported robust Q2 results across all key performance indicators. The second half of the year is looking positive.

• Scandic Q2 and HY1 2024: The second quarter showed improved results and higher profitability, so Scandic will maintain a high pace to grow the hotel portfolio.

Pandox Q2 and HY1 2024: The hotel market developed in a positive direction, increased international incoming travel from the USA and Asia also contributed to growth in multiple markets.

Oetker Group FY 2023: The Hôtel du Cap-Eden-Roc has performed particularly well in the small, fine luxury hotel group. 

Whitbread Q1 2024: Premier Inn's performance has improved in the first quarter of the UK group's financial year.

Aroundtown Q1 2024: Results show a stable start to the year, confirming the previous guidance.

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.