Topic Finance

News & Stories

Movement in co-living: Habyt takes over Quarters
25.3.2021

Berlin. As recently as October 2020, the co-living provider Quarters wanted to expand big, but on 15 January 2021 it filed for insolvency in the USA and terminated its leases.

Hotel bosses complain about efficiency of Bridging Aid III
11.3.2021

Berlin. The Bridging Aid III support has not been the saviour that large affiliated companies were expecting. In Germany, as well as in Austria, new questions repeatedly crop up. It remains complex and the limitations continue to mean inadequate compensation.

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.

Stock Exchange

Share price performance of the week 30/06/2022 - 06/07/2022

HI+Share price performance of the week 30/06/2022 - 06/07/2022

                       Change % compared to the previous week



Source: Reuters
powered by HVS EMEA Enews

Financial Results

The 5th record quarter

Hyatt Q2: Adjusted EBITDA was $273 million vs $255 million in Q2 2022. Fees reached a record level thanks to global net room growth.

Outstanding results

Marriott Q2: The giant is growing. Adjusted EBITDA in the second quarter totaled $1,219 million (vs $1,019 million in Q2 2022). The chain now expects to return $4.1 billion to $4.5 billion to shareholders in 2023.

Conversions at high speed

Choice Q2: New records in the second quarter raised the total revenues to $427.4m (+16% compared to the same period of 2022) while the integration costs of Radisson Hotels Americas lead to a decline of the net income.  

Luxury & Lifestyle top it all

Accor H1: Better results in all segments. Full-year EBITDA guidance increases. Luxury & Lifestyle revenues grow by 40% in H1 2023.

Surpassing the billion mark

NH H1: The robust demand allowed to reach revenues of €1,027m in the first half of 2023, an increase of 25% compared to the same period of 2019.

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