Topic Finance

News & Stories

Sustainable financing: Green bonds approaching the hotel industry
50 Shades of Green
21.10.2021

Munich. Green bonds are slowly becoming the stars of climate financing. And now they have arrived in the hotel industry. The British hotel group Whitbread has issued green bonds with a value of 550 million pounds. Premier Inn in Germany has also profited from this move. Aareal Bank is now offering a green loan to Cerberus and Highgate for the refinancing of the Dorsett City London hotel. What is behind the green bond euphoria?

Austria's tax reform is no win for the hotel industry
14.10.2021

Vienna. The conservative-green government in Vienna has laid the cornerstones for its tax reform 2022. The tourism minister calls this a win for the industry, but the hotel industry is criticising the reform, especially when it comes to labour costs.

The new constellations at Accor, Ennismore and 25hours
7.10.2021

Paris/London. Since September, Accor has been the main shareholder of Ennismore London and thus officially has its own lifestyle hotel division, which has already proven to be a cash cow in the pandemic. Fully integrated now is 25hours Hotels. The changes.

IHG, Orascom, Aroundtown: Waiting for the upswing
26.8.2021

Wiesbaden. In the second quarter, demand in the hotel industry increased again, but overall, the results of the first half of the year at IHG, Orascom and Aroundtown hotels are still downbeat compared to the pre-Corona era.

MHP on the way to becoming a capital partner
5.8.2021

Munich. Munich Hotel Partners has acquired the future Marriott Hotel Basel together with the US private equity firm H.I.G. Capital and will operate it. It is the first step towards further co-investments.

Corona aid: It could be enough to survive
1.7.2021

Berlin. Those who were able to bridge the long cash pause on their accounts and then got the sums that were calculated will now - presumably - survive. Bridging Aid III Plus can now be applied for anew in Germany. Solutions Holding, Deutsche Hospitality, RIMC, Motel One and HRG Hotels comment on the status.

Insolvencies: No tsunami in sight
24.6.2021

Neuss. The big pandemic-related wave of company insolvencies in Germany continues to be absent. Nevertheless, there are negative trends that could only become noticeable at the end of the year or New Year. But two hospitality lawyers do not see a wave or a tsunami. 

Switzerland: Hardship ordinance shifted to cantons
24.6.2021

Bern. Further aid for the Swiss hotel industry has been initiated: The Swiss Federal Council has adapted the Hardship Regulation. As of tomorrow, there will be further travel facilitations and relaxations.

Germany: Extended and increased state aid does not help everyone
10.6.2021

Berlin. The German government will extend economic aid for particularly hard-hit companies until the end of September. Not every tourism association is happy with this. Larger hotel groups are likely to be relieved. Basically, however, the existential need remains severe. Dehoga Managing Director Ingrid Hartges comments to us on what has been achieved.

Germany and Switzerland in the struggle for extended Corona Aid
27.5.2021

Berlin/Bern. The German government apparently wants to extend its corona aid until at least autumn, including the short-time allowance. Switzerland also plans to extend it, but no further subsidies. HotellerieSuisse takes a critical view on this.

Stock Exchange

Share price performance of the week 20/10/2022 - 26/10/2022

HI+Share price performance of the week 20/10/2022 - 26/10/2022

                      Change % compared to the previous week

 

Source: Reuters
powered by HVS EMEA Enews

Financial Results

The year of global rebound

IHG Q3: In the third quarter 2023, RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs.

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.

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