Topic Finance

News & Stories

NH reports good first half of 2022
7.7.2022

Madrid. NH Hotel Group heads into the summer with very good perspectives. The 2Q performance even topped 2019 levels and group revenue grew significantly.

Room Mate fights insolvency
30.6.2022

Madrid. Spanish Room Mate Hotels has filed for voluntary insolvency. At the same time, it has announced a binding offer from an investor securing business and jobs.

Italy: Traditional leases to disappear
30.6.2022

Rimini. The next four to six months might give momentum to hospitality development models in Italy: ROI trends, rising inflation, development costs, geopolitical tensions and price levels might altogether mark the end of current lease contracts. Or at least reduce their numbers sensibly.

The Student Hotels grows into billion-dollar company
23.6.2022

Amsterdam. Singapore's sovereign wealth fund GIC, Charlie MacGregor as founder and APG as previous shareholder acquire a "substantial" stake in The Student Hotel from Aermont Capital. The transaction values TSH, including assets under development, at 2.1 billion euros. Aermont Capital exits the company.

Accor to sell 10.8% of Ennismore to Qatar
23.6.2022

Paris. Ennismore is taking over Accor's stakes in Rixos and Paris Society. At the same time, Accor, as majority shareholder in Ennismore, has announced it is in exclusive negotiations to sell a 10.8% stake in Ennismore to a Qatari consortium for a total amount of 185 million euros. This includes a Shari'a-compliant financing of 20 euros million by Qatar First Bank LLC to the Qatari consortium's investment vehicle.

Exchange of letters with politicians: No more aid for larger groups
The government simply says No
16.6.2022

Berlin. In mid-January this year, seven larger German hotel groups documented their hardships since Corona in facts and figures to Economics Minister Dr Robert Habeck. Since February, there have been several responses to this from several levels of government, but all with the same negative conclusion: the subsidy cap for the large medium-sized enterprises will not be lifted under any circumstances. Yet the government would have the power to do just that - even without the EU. Since May it has been clear: the doors in Berlin have been slammed shut. But not everyone wants to put up with that.

Whitbread continues to drive Premier Inn in Germany
26.5.2022

Frankfurt/London. The British, listed Whitbread Group sees its growth strategy in the German hotel market confirmed with the Premier Inn hotel brand. This is a central message at the presentation of the Whitbread balance sheet of the financial year 2021/22.

GHA, Hilton, Hyatt, IHG: First quarter of 2022 with a lot of momentum
12.5.2022

Wiesbaden. Local leisure business still dominates the upswing among international hotel groups, but international tourism also picked up again in the first quarter of 2022. Business was negatively influenced above all by the tightening restrictions in China. The results of the Global Hotel Alliance, Hilton, Hyatt and IHG.

Profitability stalling as costs rise
12.5.2022

Berlin. Rising costs erode GOP margins as expense ratios increase. In the first quarter of 2021, GOPPAR was negative in all major European cities. In addition, the figures show that the gap between extended stay and full service hotels has widened significantly. Labour costs have also become immense.

New Alliance defines uniform global standards for hotel buildings
5.5.2022

London/Berlin. How will the ESG goals translate into practice in concrete terms? That is what everyone would like to know. In London, in October 2020, the Energy and Environment Alliance was founded. This non-profit coalition brings together hospitality leaders from all over the world with whom one wants to define standards, measurement methods, green finance and legal issues, among others - and to do so uniformly. hospitalityInside met EEA CEO Ufi Ibrahim at the IHIF in Berlin. 

Stock Exchange

Share price performance of the week 11/05/2023 - 17/05/2023

HI+Share price performance of the week 11/05/2023 - 17/05/2023

                                         Change % compared to the previous week.



Source: Reuters
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Financial Results

Considerable loss in value

Aroundtown FY 2023: The company closed 2023 with a net loss of 2.4 billion euros. The main reason for this is that the portfolio value had to be written down by 11% or 3.2 billion euros. Hotels were affected less than other real estate segments. And their performance is recovering. 

Devaluation of Egyptian currency hurts

Orascom Development Holding (ODH) FY 2023: The company reports property sales of CHF 704.2 million and a net profit of CHF 54.4 million despite the difficult business environment.

Two losses slowed down the success

Booking Holdings Q4 + FY 2023: The company announces initiation of a quarterly dividend. Room nights booked increased 17% from the prior year.

Excellent MICE business

Meliã FY 2023: Group revenue reached €1,928.9 million, reflecting a significant growth of 14.8% compared to the previous year.

Highest operational cash flow ever

Hyatt Q4 + FY 2023: Hyatt Hotels Corporation reported the highest cash flow ever from operation, and its full year system-wide RevPAR increased 175. 

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