Topic Finance

News & Stories

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.

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.

Stock Exchange

Share price performance of the week 01/12/2022 - 07/12/2022

HI+Share price performance of the week 01/12/2022 - 07/12/2022

                      Change % compared to the previous week


Source: Reuters
powered by HVS EMEA Enews

Financial Results

Solid performance despite backdrop

ODH 9 months: Orascom Development Holding's results for the first nine months show an economic backdrop characterized by inflationary headwinds and currency volatility has required us to remain disciplined and agile in our execution. And nowhere is this more evident than in the strong financial performance achieved across the business throughout 2023. 

Southern Europe is standing out

NH Q1-Q3: NH Hotel Group, part of Minor Hotels, generated €1.61 billion of revenue in the first nine months of 2023, up 28.1% year-on-year. Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% year-on-year and 25.2% compared to 9M19. As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively. 

New power for the takeover?

Choice Q3: With its good Q3 figures, Choice Hotels Int. is also showing its muscles - a sign to its competitor Wyndham that it is serious about taking it over.

A new momentum

Marriott Q3: Strong global demand, RevPAR gains and impressive growth in the pipeline. The biggest hotel group of the world is happy.

Bleisure was a pleasure

Meliá Q3: The good performance of Meliá's resort destinations in Spain has been complemented by their bleisure destinations in major European cities. The third quarter maintained the positive trend seen since the beginning of the year 2023.

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