Financial Results

Hyatt Q4 + FY 2023: Hyatt Hotels Corporation reported the highest cash flow ever from operation, and its full year system-wide RevPAR increased 175. 

Accor Q4 & FY 2023: Driven by resolutely solid demand in 2023, Accor was able to set new records in terms of operating and financial performances. All regions and segments enjoyed strong growth after a year in 2022 marked by the post-Covid pandemic recovery. 

IHG FY 2023: Travel demand was strong across all markets, with RevPAR up 16% on last year and 11% ahead of the 2019 pre-pandemic peak. The company continued to grow its portfolio and the global footprint of its brands.

Choice Hotels Int. FY 2023: The lodging franchisor reports record total revenues growing 10% to $1.5 billion for the full-year 2023 compared to the same period of 2022. Net income was $258.5 million for full-year 2023, representing diluted earnings per share (EPS) of $5.07. 

Wyndham Q4 + FY 2023:  For the full year, global RevPAR grew 5% in constant currency compared to 2022. Despite the distraction caused by Choice Wyndham’s global pipeline grew by 10% and the record retention rate reached 95%.

Orascom Development Holding (ODH) FY 2023: Preliminary real estate and hotels KPIs’ for the Financial Year show a strong rebound in hotel performance during a challenging market environment.

Scandic Q4 + FY 2023: Net sales in the fourth quarter increased steadily, and for the full year, revenues increased to 22 billion SEK, and adjusted EBITDA rose slightly to 2.6 billion SEK. For 2024, bookings are in line with last year and the company has a positive outlook for the current year. - UPDATE: The Annual Report for 2023 including the Sustainability Report was published on 12 April 2024. The PDF is attached. 

Marriott Int. Q4 and FY 2023: RevPAR increased in all markets and reported net income totaled $848 million, a 26 percent increase compared to 2022 fourth quarter reported net income of $673 million.

Minor Hotels FY 2023:  The Thailand-based hotel group reported a record full-year core revenue of THB 121.4 billion (approx. USD 3.4 billion) in 2023, propelling the international hotel owner and operator's core net profit to grow by 450% compared to the previous year.

TUI Group Q1 2024: Group turnover in Q1 2024 grew by 15% to 4.3 billion euros. The high propensity to travel and a strong operating performance ensure positive underlying EBIT for the first time (since the merger of TUI Travel plc and TUI AG) already in Q1.