Topic Finance

News & Stories

New platform makes corporate sustainability more transparent
9.12.2021

London. A global alliance of financial institutions, investors and companies has announced the launch of a central platform for corporate sustainability data. It is intended to make ESG data more available and comparable, thus ensuring greater transparency in terms of sustainability.

Premier Inn CFO Mark Sommer on the implementation of Green Bonds
Invest in and benefit from Green
9.12.2021

London/Frankfurt. The hotel group Whitbread PLC has placed two bonds with a total value of GBP 550 million in the UK. This will be used to finance existing and planned sustainability projects, including the construction of hotels and the use of renewable energies as well as to secure ethical supply chains. Mark Sommer, Managing Director Finance at Premier Inn Germany, explains how Green Bonds work, what the "Greenium" is and what the role model functions mean for the industry.

Facilitating immigration to combat shortage of skilled workers
25.11.2021

Berlin. More than half of the companies in Germany are currently unable to fill vacancies - noticeably more than even before the outbreak of the Corona crisis. Solutions are needed now, for example, employees from abroad. The government-to-be knows this, too. And the Holiday Inn Munich Unterhaching tells how it works.

Liqudity check during the lockdown
25.11.2021

Wiesbaden. Austria is already in lockdown, in Germany individual regions are affected, others could follow. Stricter Corona regulations lead to the next revenue losses in the hospitality industry. As in the previous year, the task now is to secure liquidity! How?

Italy: Covid resurgence causes Italian bookings to slump drastically
25.11.2021

Rome. In Italy the pandemic situation is still relatively under control, but now contagious spreading is also threatening the touristic winter season. As of this week, 11 million bookings have disappeared.

National groups feel blindsided by foreign investors' financial strength
Will capital eradicate Italian luxury flair?
25.11.2021

Milan. A fantastic summer doesn't cancel two challenging years. Yet, there is still room in Italy for investments in the luxury hospitality segment. Which means: Mainly foreign investors move in, take hold of high-quality assets in primary locations and finance them with capital from abroad. At the same time, local investors and operators are struggling with the pandemic crisis threatening many with closure.

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.

Stock Exchange

Share price performance of the week 02/02/2023 - 08/02/2023

HI+Share price performance of the week 02/02/2023 - 08/02/2023

                                         Change % compared to the previous week


Source: Reuters
powered by HVS EMEA Enews

Financial Results

Strong recovery, difficult environment

Orascom Development Holding (ODH) FY 2023: Preliminary real estate and hotels KPIs’ for the Financial Year show a strong rebound in hotel performance during a challenging market environment.

Robust cashflows

Scandic Q4 + FY 2023: Net sales in the fourth quarter increased steadily, and for the full year, revenues increased to 22 billion SEK, and adjusted EBITDA rose slightly to 2.6 billion SEK. For 2024, bookings are in line with last year and the company has a positive outlook for the current year. - UPDATE: The Annual Report for 2023 including the Sustainability Report was published on 12 April 2024. The PDF is attached. 

Strong increase in net profit

Marriott Int. Q4 and FY 2023: RevPAR increased in all markets and reported net income totaled $848 million, a 26 percent increase compared to 2022 fourth quarter reported net income of $673 million.

Net profit goes through the roof

Minor Hotels FY 2023:  The Thailand-based hotel group reported a record full-year core revenue of THB 121.4 billion (approx. USD 3.4 billion) in 2023, propelling the international hotel owner and operator's core net profit to grow by 450% compared to the previous year.

Hotels secure first super quarter

TUI Group Q1 2024: Group turnover in Q1 2024 grew by 15% to 4.3 billion euros. The high propensity to travel and a strong operating performance ensure positive underlying EBIT for the first time (since the merger of TUI Travel plc and TUI AG) already in Q1.

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