Financial Results
Pandox AB Q1 2024: Pandox reports a solid growth in revenues and leases and expects further RevPAR growth in the hotel market during 2024.
MHP Hotel AG Q1 2024: Munich Hotel Partners reports an increase in hotel revenue and RevPar with stable average rates for the period.
Global Hotel Alliance (GHA) Q1 2024: The alliance of independent hotel group brands has started its 20th anniversary year on a high note, reporting robust Q1 results across all key performance indicators.
Travelodge FY 2023: The British chain announced record financial results for the year ended 31 December 2023, reporting revenue over £1 billion for the first time and profit significantly ahead of 2022 levels.
Motel One Q4 and FY 2023: The German Motel One Group continues its success story and closes the financial year 2023 with record revenue of EUR 852 million (previous year: EUR 639 million), an increase of around 33% on the previous year. EBITDA rose by 64% to EUR 281 million (previous year: EUR 171 million). Earnings before taxes (EBT) almost doubled in 2022, rising to EUR 226 million (previous year: EUR 116 million). The Motel One Group thus closed the most successful financial year in the company's history.
Aroundtown FY 2023: The company closed 2023 with a net loss of 2.4 billion euros. The main reason for this is that the portfolio value had to be written down by 11% or 3.2 billion euros. Hotels were affected less than other real estate segments. And their performance is recovering.
Orascom Development Holding (ODH) FY 2023: The company reports property sales of CHF 704.2 million and a net profit of CHF 54.4 million despite the difficult business environment.
Booking Holdings Q4 + FY 2023: The company announces initiation of a quarterly dividend. Room nights booked increased 17% from the prior year.
Meliã FY 2023: Group revenue reached €1,928.9 million, reflecting a significant growth of 14.8% compared to the previous year.
Hyatt Q4 + FY 2023: Hyatt Hotels Corporation reported the highest cash flow ever from operation, and its full year system-wide RevPAR increased 175.