Financial Results

ODH 9 months: Orascom Development Holding's results for the first nine months show an economic backdrop characterized by inflationary headwinds and currency volatility has required us to remain disciplined and agile in our execution. And nowhere is this more evident than in the strong financial performance achieved across the business throughout 2023. 

NH Q1-Q3: NH Hotel Group, part of Minor Hotels, generated €1.61 billion of revenue in the first nine months of 2023, up 28.1% year-on-year. Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% year-on-year and 25.2% compared to 9M19. As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively. 

Choice Q3: With its good Q3 figures, Choice Hotels Int. is also showing its muscles - a sign to its competitor Wyndham that it is serious about taking it over.

Marriott Q3: Strong global demand, RevPAR gains and impressive growth in the pipeline. The biggest hotel group of the world is happy.

Meliá Q3: The good performance of Meliá's resort destinations in Spain has been complemented by their bleisure destinations in major European cities. The third quarter maintained the positive trend seen since the beginning of the year 2023.

Motel One Q3: Germany's most successful hotel group continues to grow. More revenue, more EBITA, more occupancy, more contracts.

Hyatt Hotels Q3: Significantly higher fees, more conversions and robust demand around the globe: Hyatt Hotels Corporation is very satisfied with Q3 2023.

H World Group Q3: The Chinese Group, also the parent company of Deutsche Hospitality/Steigenberger Hotels sees a strong recovery in both companies, according to its preliminary results for hotel operations in the third quarter ended September 30, 2023.

Accor Q3: Sébastien Bazin, Chairman and Chief Executive Officer of Accor, is pleased with the RevPAR up 15% compared with Q3 2022: "The Group’s strong performance during the quarter illustrates once again the strength of business momentum in all of our markets, notably in Asia, and for the brands in our two segments: Premium, Midscale and Economy, on the one hand, and Luxury and Lifestyle on the other. "

Scandic Q3: "I'm pleased with the strides we’ve been making to further increase growth and how we’ve become a more efficient and profitable Scandic. Demand is good and we’re pacing towards another strong full year," said CEO Jens Mathiesen.