Topic Finance

News & Stories

Green Bonds drive Premier Inn's expansion and sustainability
25.2.2021

London/Frankfurt. Millions from British Green Bonds are to help Whitbread to continue its expansion and to make the hotels - especially in Germany - "greener".

Financial aid scandal: EU to lift cap, Germany not
18.2.2021

Berlin. At the end of February, hotels and restaurants will have been closed for six months including the first lockdown. Regarding the third bridging assistance, the EU no longer imposed a cap, but Germany put it on again. This is a scandal. The current figures, facts and demands.

Europe's leisure leader Pierre & Vacances Center Parcs fights financial trouble
It's crucial to save tourism in 2021
11.2.2021

Paris. Pierre & Vacances Center Parcs, the European leader in leisure residences is bleeding cash and does not expect a return to profitability this year. That being said, the group which operates 45,800 apartments and cottages in 282 locations across Europe is confident it will bounce back as soon as travel resumes.

Switzerland: More aid and a new testing strategy
28.1.2021

Bern. With a new test strategy and an increase in hardship aid, the Swiss Federal Council took important steps on Wednesday to overcome the crisis.

EU aid is even being increased
28.1.2021

Brussels. Finally millions in aid for the larger companies? The EU has given the go ahead for Germany's outstanding part of the exceptional economic assistance for November and December and also extended aid to all companies until the end of 2021. The reaction from large hotel chains was cautious all the same.

Figures from Italy: How building types impact costs
21.1.2021

Rimini. Renovations and conversion have gained importance in the pandemic. An Italian consultancy compared costs for different building types, from revamping to conversions and greenfield.

Germany 2020: Investment market in quarantine
14.1.2021

Frankfurt/M. In 2020, the transaction volume on the German hotel real estate investment market amounted to 1.95 billion euros. A minus of around 60% compared to the previous year. CBRE with additional information on the market.

Transactions in Austria 2020: Weak yet conciliatory
14.1.2021

Vienna. After a record year in 2019 with a transaction value of more than 1.25 billion Euros, the pandemic-related fall to approx. 280 million Euros also followed in Austria in 2020.

Bankruptcy lawyers: Delayed financial aids are driving hotel insolvencies
Political incompetence becomes visible
14.1.2021

Wiesbaden. The wave of insolvencies in the German hotel industry is rolling in. Leading lawyers expect a sharp increase in insolvencies this spring, even among medium-sized and large groups. The second lockdown, the continued absence of the recovery and government's ineffective countermeasures leave many companies with no other option.

Airbnb after the IPO: Does the hype make the company a tourism saviour?
100 billion dollars for a loss-making company
17.12.2020

San Francisco. Despite facing regulation issues in many destinations across the world as well as multiple lawsuits, Airbnb just "broke" the stock exchange. The company's IPO surpassed its founders' hopes and topped a 100-billion-dollar valuation last week. Investors are betting on Airbnb to lead the travel rebound globally. Will the platform soon become the number one e-travel company? Most importantly, when will they start making money consistently?

Stock Exchange

Share price performance of the week 09/06/2022 - 15/06/2022

HI+Share price performance of the week 09/06/2022 - 15/06/2022

                       Change % compared to the previous week



Source: Reuters
powered by HVS EMEA Enews

Financial Results

UK up, Germany follows

Premier Inn H1: This is an impressive first half performance, comments Whitbread CEO Dominic Paul the results of the first-half 2023 for Premier Inn. In UK, the group maintained high levels of occupancy, in Germany, it's making good progress. "We remain on course to achieve our long-term ambition of 10-14% return on capital (ROC)."

German hotels with growing brand success

MHP Hotel AG Q3: Munich Hotel Partners' revenue rose to 35.3 million euros in Q3, around 8% above the previous year (Q3 2022: 32.5 million). The average room rate remained at a stable high level of 210 euros (Q3 2022: 213 euros). Revenue per available room (RevPAR) continued to increase, from 155 euros in Q3 2022 to currently 158 euros.

Quantum leap in hotel division

Orascom Development Holding H1: The long-term focused destination and hotel developer's total revenue in the first half of 2023 remained almost stable at CHF 265.9m and net profit was CHF 17.7m, impacted by a CHF 9.3m foreign exchange loss.

Good impression, few facts

B&B H1: The budget chain owned by Goldman Sachs is happy about a good business in the fist half of 2023, according to its latest press release, but declines to add any figures and market details within the Central and Northern Europe region when asked by hospitalityInside.

TUI hotels continue to grow

TUI Q3: The tour operator is back in the profit zone in Q3 2023 for the first time since the beginning of the pandemic: Adjusted Group EBIT of 169m euros is significantly improved (previous year: -27m euros). 

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