Topic Finance

News & Stories

Scandic, Pandox Balance sheets 2021: Omikron slowed down lately
10.2.2022

Stockholm. Pandox and Scandic have already published their 2021 balance sheets and agree: the Omicron variation spoiled the end of the year, but the advanced bookings for this year and the always quick return of the markets when corona measures are relaxed give a lot of hope.

Germany: Large hotel groups continue to fight for fair subsidies
The state discriminates against LMEs
3.2.2022

Wiesbaden. As the pandemic enters its third year, larger hotel companies in particular in Germany are now facing the question as to whether they can survive - despite the subsidies they’ve received. The number of hotels in dire need of more money has grown - thanks to the last quasi-lockdown. The matter is urgent, yet the majority of hotel groups worry in silence. Only Honestis AG/Dorint Hotels and Novum Hospitality have spoken out. And Motel One confirms the overall impression.

L+R to invest 1 billion in European hotels
27.1.2022

London/Amsterdam. London & Regional Properties, one of the biggest hotel owners in the UK, announced on Wednesday, 25 January, the formation of LRO Hospitality, a value-add joint venture with the goal of investing up to 1 billion euro in European hotel assets.

TUI boss remains confident
9.12.2021

Hanover. Tour operator TUI reports an improvement in its result and a noticeable increase in bookings at the turn of the year and for summer 2022. The company describes its great flexibility as a major asset in the current situation.

New platform makes corporate sustainability more transparent
9.12.2021

London. A global alliance of financial institutions, investors and companies has announced the launch of a central platform for corporate sustainability data. It is intended to make ESG data more available and comparable, thus ensuring greater transparency in terms of sustainability.

Premier Inn CFO Mark Sommer on the implementation of Green Bonds
Invest in and benefit from Green
9.12.2021

London/Frankfurt. The hotel group Whitbread PLC has placed two bonds with a total value of GBP 550 million in the UK. This will be used to finance existing and planned sustainability projects, including the construction of hotels and the use of renewable energies as well as to secure ethical supply chains. Mark Sommer, Managing Director Finance at Premier Inn Germany, explains how Green Bonds work, what the "Greenium" is and what the role model functions mean for the industry.

Facilitating immigration to combat shortage of skilled workers
25.11.2021

Berlin. More than half of the companies in Germany are currently unable to fill vacancies - noticeably more than even before the outbreak of the Corona crisis. Solutions are needed now, for example, employees from abroad. The government-to-be knows this, too. And the Holiday Inn Munich Unterhaching tells how it works.

Liqudity check during the lockdown
25.11.2021

Wiesbaden. Austria is already in lockdown, in Germany individual regions are affected, others could follow. Stricter Corona regulations lead to the next revenue losses in the hospitality industry. As in the previous year, the task now is to secure liquidity! How?

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.

Stock Exchange

Share price performance of the week 12/01/2023 - 18/01/2023

HI+Share price performance of the week 12/01/2023 - 18/01/2023

                      Change % compared to the previous week


Source: Reuters
powered by HVS EMEA Enews

Financial Results

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.

Simply continue to grow

Motel One Q3: Germany's most successful hotel group continues to grow. More revenue, more EBITA, more occupancy, more contracts.

New record total fee revenue

Hyatt Hotels Q3: Significantly higher fees, more conversions and robust demand around the globe: Hyatt Hotels Corporation is very satisfied with Q3 2023.

Strong recovery for mother and daughter

H World Group Q3: The Chinese Group, also the parent company of Deutsche Hospitality/Steigenberger Hotels sees a strong recovery in both companies, according to its preliminary results for hotel operations in the third quarter ended September 30, 2023.

All segments growing

Accor Q3: Sébastien Bazin, Chairman and Chief Executive Officer of Accor, is pleased with the RevPAR up 15% compared with Q3 2022: "The Group’s strong performance during the quarter illustrates once again the strength of business momentum in all of our markets, notably in Asia, and for the brands in our two segments: Premium, Midscale and Economy, on the one hand, and Luxury and Lifestyle on the other. "

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