Topic Finance

News & Stories

Westmont takes over from Tidal, Star Inn closes down
4.3.2021

Augsburg. Owner Invesco has found a new operator for the former insolvent hotel portfolio of Event Hotels/Tidal Operations. The Star Inn hotels are less fortunate and have to close.

First UK hotel investment and lending report
4.3.2021

London. The "UK Hotel Lending Report 2020" reports for the first time on the hotel investment and lending market in the UK. At the end of 2019, it was still worth around 135 billion pounds.

Airbnb reports 3.9bn-dollar loss after IPO - Competition with Booking grows
Too big to fail?
4.3.2021

San Francisco. Last week, Airbnb shared its first earnings report since last December when the company went public and raised 3.5 billion dollars valuing it at more than 100 billion dollars. It was not a surprise that the company reported a declining revenue and a whopping 3.9 billion-dollar loss. A good space for Booking.com to step in and remind the public of being even more powerful.

Global transactions: Future properties need profile
25.2.2021

Frankfurt. Uncertainty is severely affecting investor activity in the global hospitality industry in 2020. Transactions slumped by 60%. Private equity catches up. Future real estate needs clear profiles.

Green Bonds drive Premier Inn's expansion and sustainability
25.2.2021

London/Frankfurt. Millions from British Green Bonds are to help Whitbread to continue its expansion and to make the hotels - especially in Germany - "greener".

Financial aid scandal: EU to lift cap, Germany not
18.2.2021

Berlin. At the end of February, hotels and restaurants will have been closed for six months including the first lockdown. Regarding the third bridging assistance, the EU no longer imposed a cap, but Germany put it on again. This is a scandal. The current figures, facts and demands.

Europe's leisure leader Pierre & Vacances Center Parcs fights financial trouble
It's crucial to save tourism in 2021
11.2.2021

Paris. Pierre & Vacances Center Parcs, the European leader in leisure residences is bleeding cash and does not expect a return to profitability this year. That being said, the group which operates 45,800 apartments and cottages in 282 locations across Europe is confident it will bounce back as soon as travel resumes.

Switzerland: More aid and a new testing strategy
28.1.2021

Bern. With a new test strategy and an increase in hardship aid, the Swiss Federal Council took important steps on Wednesday to overcome the crisis.

EU aid is even being increased
28.1.2021

Brussels. Finally millions in aid for the larger companies? The EU has given the go ahead for Germany's outstanding part of the exceptional economic assistance for November and December and also extended aid to all companies until the end of 2021. The reaction from large hotel chains was cautious all the same.

Figures from Italy: How building types impact costs
21.1.2021

Rimini. Renovations and conversion have gained importance in the pandemic. An Italian consultancy compared costs for different building types, from revamping to conversions and greenfield.

Stock Exchange

Share price performance of the week 19/05/2022 - 25/05/2022

HI+Share price performance of the week 19/05/2022 - 25/05/2022

                       Changes compared to the previous week in %.


Source: Reuters

powered by HVS EMEA Enews

Financial Results

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.

HI+Results 2022: Scandic not quite as strong as in 2019

Wiesbaden. The Scandinavian hotel group Scandic was able to significantly increase its net revenue and RevPAR last year. CEO Jens Mathiesen attributes the fact that the occupancy of 2019 has not yet been reached again mainly to the absence of Asian guests.

HI+Aroundtown, Orascom, GBI, BWH Central Europe: Increased hotel sales

Wiesbaden. Real estate developers continue to face very challenging market conditions, but the operational business in the hotel real estate sector is again much more pleasing than in the past years. Turnover is clearly catching up.

HI+NH, Minor, Wyndham cheering for 2022 results

Madrid, Bangkok, Parsippany. With NH, Minor and Wyndham, further hotel groups report noticeably improved revenues and RevPARs. Everyone is cheering. Nevertheless, costs are rising everywhere.

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