Topic Finance

News & Stories

Budget hotels attract closed funds
19.12.2008

Hamburg. Budget hotels are profitable even in times of economic crisis. And it's for this reason that they're increasingly attracting the attention of real estate funds. A Hamburg based fund has recently issued a "budget hotel fund".

Swiss hotel industry and the financial crisis: Foreign guests tighten belts
Appeal to "Made in Switzerland"
12.12.2008

 

Berlin. After three fantastic years of boom, growth in the Swiss hotel industry is cooling. All the same, the word 'crisis' is still being avoided. Investments continue to be made and the current winter season is still looking good. Yet guests are saving money on food and drink. The hotelleriesuisse appeals to hoteliers not to fall into the trap of price dumping next year.

Austria: The winter is still humming - counter-cyclical consumption
Waiting for the crisis
12.12.2008

 

Salzburg. Austria's winter tourism will hardly be affected by the ongoing recession. This is what industry representatives of the Federal Economic Chamber, the Austrian Hotelier Association, Oesterreich Werbung and economists say unanimously in various ways. Experts speak of a "counter-cyclical consumption pattern". In the meantime, Austria's city hotels are already suffering from concrete effects.

Financial crisis shakes open real estate funds - closures to follow
Investors in the downward spiral
12.12.2008

Berlin The current financial crisis has resulted in a lasting loss of confidence among German investors in financial world in general. Only seven percent of German citizens trust the credit market, whereas 70 percent express open mistrust. Following the collapse of English and American investment houses, it was first the hedge funds that suffered. Now, finance investors have been drawn into the storm as the crisis reaches open real estate funds.

Austria also feels the effect of the global financial crisis
Hoteliers are stopping investments
5.12.2008

Vienna. In Austria's hotel industry, the first effects of the financial crisis are visible. Unnecessary investments as well as various new building projects have already been stopped. The Oesterreichische Hotel- und Tourismusbank has decreasing requests for credits. The higher equity capital rates, which are demanded by the banks now, are discouraging as well.

Finally, the millions have been found for Bern's Schweizerhof
28.11.2008

Bern. By the year 2010, the Schweizerhof in Bern is to shine in new glory thanks to investment by its new owner, Barwa, Qatar. Experts doubt, however, that the planned sum will be enough.

Finance crisis: Pressure shifts from investor to operator
An end to greed
14.11.2008

Augsburg. The consequences of the financial crisis are slowly, very slowly, becoming apparent. Results of stock market listed hotel groups for the third quarter have almost all plummeted and better prospects for 2009 aren't expected. Companies and consumers are tightening their belts and the banks all seem to be following their own erratic strategies. That next year will be a tough one for the hotel industry seems to have escaped nobody. "The end to the hardship won't come until 2010," one management consultant predicted, "when the hotels currently in construction open their doors and are no longer able to access their capital." Consultants and project developers on the current situation.

Financial Crisis: Hotel shares lose value - Is it time to start buying?
Mergers still doubtful
17.10.2008

Lausanne. Hotels stocks are already discounting Armageddon, with many of them trading at between a quarter and third of their all time highs reached during 2007. The global financial crisis also effects the hotel groups listed around the world's stock exchanges. There's no doubt that the industry faces some hard times over at least the next year or so, but let's not forget that the stock market is a forward-looking mechanism which rapidly discounts future expectations. The question now is whether the drop in the share price does not already anticipate the weak performance figures which will be announced over the coming months.

Expo Real panel: Does private equity require a new business model?
Investors tend to keep objects longer
10.10.2008

 

Munich. The financial crisis is getting private equity companies into trouble. Their concept of selling off companies bought and restructured within a relatively short period of time and make a profit no longer works. At the same time, the restrictive financial policy these days makes new takeovers more difficult. In a panel discussion at the "Hospitality Industry Dialogue" in the course of the Expo Real Munich real estate trade fair, the industry definitely refused to give in.

New hotel fund for institutional investors
10.10.2008

Frankfurt/M. The Danish investor and asset management company Euro Ejendomme plc and DTZ Corporate Finance Frankfurt commence their cooperation with a hotel fund. Euro Ejendomme plc has initiated the "Euro Ejendomme SICAV-FIS Hotel Fund I" for German and European institutional investors.

Stock Exchange

Share price performance of the week 26/02/16 - 03/03/16

HI+Share price performance of the week 26/02/16 - 03/03/16

                                                            Changes %

Source: Reuters / powered by HVS EMEA Enews

Financial Results

HI+Strong first half for InterConti 

Windsor. InterContinental Hotels Group had had a good first half. Continuing revenue rose 12 % from 377 million pounds to 422 million pounds which was a growth of 20 % at constant currency.

HI+Rezidor and Orient-Express: First six months excellent

Brussels/London. The Rezidor Hotel Group finished the first six months 2007 with results better than the overall market. Also the British Orient-Express Hotels report double-digit increases.

HI+Starwood's first 6 months: Positive

White Plains. Starwood Hotels & Resorts Worldwide reported strong second quarter 2007 financial results and the results for the six months ended June 30, 2007. In the second quarter 2007, all key figures increased. 

HI+Sol Meliá: Positive results and new strategy

Palma de Mallorca. Coinciding with the presentation of positive financial results for the first half of the year, the hotel chain Sol Meliá issued a report to the Spanish National Stock Exchange Commission regarding certain issues of great interest which will have a fundamental effect on the future strategy of the company led by Gabriel Escarrer Juliá.

HI+Hospitality Alliance satisfied with the first half year

Bad Arolsen. In spite of a rainy start to summer and the steep figures recorded the previous year as a result of the Football World Cup, Hospitality Alliance plc has closed the first half year 2007 with a turnover plus of 6.7%

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