Topic Finance

News & Stories

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?

More support programmes under the German Christmas tree
17.12.2020

Berlin. The full disbursements of November aid - promised firmly by the German government - for suffering hoteliers and restaurant owners continue to be delayed; they are therefore extended to December. In addition, the Bridging Aid III has been revised. And the insolvency application requirement remains suspended in January to prevent a first wave.

Novum and the Economic Stabilisation Fund
17.12.2020

Wiesbaden. As the first large German hotel group, Novum Hospitality GmbH from Hamburg has secured a loan from the German Economic Stabilisation Fund and is thus one of seven companies of different industries so far to have been granted this support at all. The voices from the industry on this range from recognition to scepticism.

Growth capital for innovative operators
3.12.2020

Berlin. A new investment company plans to build a portfolio of managed properties along the entire real estate usage chain: from serviced apartments, co-living, education, office-as-a-service, healthcare and elderly living to urban farming.

Big and small hoteliers face banks' back and hope for specialists to help
All in financial distress
29.10.2020

Amsterdam. While a second wave of corona cases has triggered tougher restrictions across Europe on travel and social gatherings, hoteliers are not sure they can make it to the end of the year. The biggest chains' share value is melting fast, giants like Accor and AccorInvest are seeking solutions. Suddenly banks and investors are turning their backs on the industry. All over Europe, the first insolvencies are there, and hotel closures are imminent. But consultants see support in the background.

Corona hits private equity funds hard
29.10.2020

Leipzig. Covid-19 is now also affecting the Private Equity funds. It is particularly difficult for companies with high levels of debt financing.

Invesco Real Estate intends to expand the European debt market
22.10.2020

Munich. Invesco Real Estate, the real estate division of the global asset manager Invesco, has acquired the commercial real estate finance business unit, the real estate debt team and its European assets from Swiss asset manager GAM Investments.

Insolvency lawyers on the anticipated wave of insolvencies among hotels
How crazy is it really?
14.10.2020

Wiesbaden. The industry associations for the tourism and the hotel sectors continue to warn of an unprecedented wave of insolvencies in the wake of the corona crisis. The first branded hotels, including the Sofitel in Berlin, have already filed for insolvency. Others, such as the Hessischer Hof in Frankfurt, have announced their closure or, like the Maritim Potsdam, are looking to change operator. It is rumoured that the bargain hunters have been queuing up for a long while already. But how crazy is it really? And what do insolvency law experts and lawyers expect?

Stock Exchange

Share price performance of the week 31/03/2022 - 06/04/2022

HI+Share price performance of the week 31/03/2022 - 06/04/2022

                       Changes compared to the previous week in %.


Source: Reuters

powered by HVS EMEA Enews

Financial Results

RevPAR improving across all markets

IHG H1: Travel demand is very healthy, with RevPAR improving year-on-year across all markets and exceeding pre-pandemic peaks for four consecutive quarters, reported the new IHG CEO Elie Maalouf. In the Americas and EMEAA regions, leisure demand has remained buoyant, business and group travel continued to strengthen, while in Greater China, demand has rebounded rapidly. More than a quarter of all signings were across IHG's six Luxury & Lifestyle brands. / red

HI+Q1 and HY1 2023 balance sheets: MHP optimistic, TUI hotels outperforming

Hanover/Munich. MHP Hotel AG was able to significantly improve key performance figures in the first quarter of 2023 and anticipates a further recovery in the hotel industry. TUI Group also significantly increased revenues in its second financial quarter compared to the same period last year. Among the divisions with the largest increases are Hotels & Resorts.

HI+The Q1 at Hyatt, Marriott, Motel One: Asia Pacific returns

Wiesbaden. Hyatt, Marriott and Motel One announce their quarterly results. Internationally, the recovery in the Asia-Pacific region is noticeable. Marriott also announces the new brand City Express and Motel One confirms the expansion with Cloud One in Germany.

HI+Premier Inn, Accor, Hilton, Scandic, Pandox, Warimpex: Growing revenues, new brands

Wiesbaden. Premier Inn and Warimpex look back on the full year 2022. Accor, Hilton, Pandox and Scandic report their results for the first quarter of 2023 whereas Hilton announces a new extended stay brand on the lower end of Midscale and Scandic announces the start of its economy brand Scandic Go. What all companies have in common is optimism, even if not all figures always follow on from the best years.

HI+STR: Q1 figures defy inflation more than expected

London. The first quarter of 2023 has seen increased yields globally, outpacing inflation. Demand saved ADR in the process, and Asia in particular gained as it opened after Corona. If the trend continues, the industry may have a strong year globally. But that remains entirely uncertain.

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