Topic Finance

News & Stories

At a glance: Italian emergency measures may not work all
11.6.2020

Rome. During the Covid-19 crisis, Italian institutions approved three different emergency decrees. All of them are currently fully applicable, only one has paragraphs explicitly dedicated to tourism and hotels. A review with advantages and risks. The hotel associations comment.

New economic stimulus package disappoints German tourism industry
4.6.2020

Berlin. The amounts are too small, the durations too short: this is the criticism of the German tourism industry and the Dehoga Bundesverband on the 120 billion euro economic stimulus package which the German government passed on Wednesday.

Number of rooms influences enterprise value
7.5.2020

Paris. The pace of growth of Asian hotel groups has increased enormously in recent years. Five of the 15 largest hotel groups by number of rooms now come from China, but other Asian countries have also made the leap into the top 20. What effects does all this have on EBITDA and the corporate values of the big players?

The rent burden in the corona crisis: ZIA and experts rethink exit models
On the safe side with cash pools and the state?
7.5.2020

Berlin. As of this Tuesday, the German hotel and restaurant industry began its gradual reopening. The exit will take place in stage until the end of May. Yet two core problems remain: rental costs and the broad plans for support loans that are still not reaching the industry. Mass insolvencies seem inevitable. As regards rents, the Central Real Estate Committee, Germany's largest real estate trade association, supported Dehoga and submitted a proposal to German government outlining a possible solution. Asset expert Theodor Kubak of Arbireo Capital AG is working on further ways to be able to share the rent burden more equitably.

Where is the bailout fund?
7.5.2020

Berlin. Five weeks ago, the German Minister for Economic Affairs, Peter Altmaier, announced that another emergency rescue fund would be set up for the hospitality sector.

Germany: Financial drama continues
9.4.2020

Berlin. As much as German hoteliers and the associations have so far been pleased about the German government's quick financing decisions after Corona, they are annoyed that politicians do not want to understand how hotels are financed. The anger about the KfW conditions is great. A wave of bankruptcies is approaching. The industry is currently losing around 750 million euros in turnover every week.

Corona & Leases: Partnerships on the test bench
3.4.2020

Wiesbaden. For ten years and until a few weeks ago hotel groups announced bulging pipelines and investors praised the high professionalism of their operators as well as their own hotel real estate competence team. Now, however, the question arises as to what the much-praised partnership between the parties is still worth in view of Corona.

Liquidity: State aid combined for all federal states
2.4.2020

Düsseldorf. Corona state aid has been approved in Germany, but the billions for the hotel industry may still come too late: There are difficulties because of the KfW liability and the horrendous administrative costs. Therefore, Select Hotel Advisory Services has compiled a current list of all subsidies in the 16 federal states, including contact links and comments on the current situation.

Real estate leasing can also help with hotel financing
A little bookkeeping wizardry
11.3.2020

Munich. As a type of financing, real estate leasing is a long established practice. Now, it is gradually coming into the focus of the real estate industry, and so also the hotel industry, as an interesting alternative form of finance, in particular for hotel companies aiming to expand quickly. Though for hotel companies looking to secure tax advantages and positive balance sheet ratios, it is not suitable.

Coronavirus crisis management: Steady leadership helps
5.3.2020

London. The Financial Times last weekend reported on the trillions of dollars that have been wiped out thus far due to the coronavirus disease 2019 outbreak. According to the newspaper, stocks in hospitality companies have been particularly hit, having fallen by a reported 19% in Europe compared to last week – one of the strongest declines for the sector since the terror attacks of 9/11.

Stock Exchange

Share price performance of the week 14/10/2021 - 20/10/2021

HI+Share price performance of the week 14/10/2021 - 20/10/2021

                       Changes compared to the previous week in %.

Source: Reuters

powered by HVS EMEA Enews

Financial Results

HI+Balance sheets and fresh capital

Wiesbaden. There is movement in the hotel finances. Falkensteiner has successfully completed its eighth crowdfunding. Hyatt, IHG, Orascom and TUI report satisfactory quarterly or half-year results. Munich Hotel Partners uses fresh capital for expansion and Scandic has issued convertible bonds.

HI+Orascom and Scandic: good prospects

Wiesbaden. Orascom Development and Scandic give an optimistic insight into their half-year results 2022. Bookings are increasing.

HI+Accor, Pandox, Scandic, Warimpex, Whitbread: Significant recovery in Q1

Wiesbaden. Accor, Pandox and Scandic report a significant recovery in business towards the end of the first quarter 2022 and Warimpex announces its annual results for 2021, although the focus of projects there is now on the office sector. Whitbread publishes its FY 22 report and still believes in Germany. But the recovery there is much slower than in the UK.

HI+Accor, IHG, Choice: Significant recovery in 2021

Wiesbaden. More hotel chains have published their results for 2021. Accor reports a significant recovery of business in the second half of the year, IHG points to its RevPAR improvement and Choice International to its excellent domestic business that almost ensures that 2019 results are matched.

HI+Airbnb, B&B, Hilton, Hyatt, Marriott, Wyndham: 2021 with positive signs

Augsburg. More hotel chains and Airbnb have published their results for the last quarter of 2021 and/or for the whole year. Airbnb's expectations for Q4 2021 were exceeded as it benefitted from the global trend to mobile working. B&B Hotels at least topped the occupancy of the first corona year 2020. Hilton reported that it significantly improved its results. At Hyatt, the new acquisition of Apple Leisure Group already had a positive effect. Marriott Hotels International made tremendous progress in its global RevPAR recovery. And Wyndham turned its 2020 loss into a sizeable profit.

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