Q1 18 revenue came in at €633m, up +9.5% lfl (reported +0.6%). HotelServices: revenue increased 7.7% lfl to €553m, mainly driven by the revenue growth of the franchise agreement and management contracts, which confirmed the company’s near-term strategy. New businesses: revenue came in at €31m, up +14.5% lfl. Hotel Assets & Other: sales were €157m, +7.5% lfl. The company opened 61 hotels and nearly 10,000 rooms in Q1 18. The FY 18 guidance should be released in H1
19 Apr 2018
Q1 revenue in line with expectations
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Q1 revenue in line with expectations
Q1 18 revenue came in at €633m, up +9.5% lfl (reported +0.6%). HotelServices: revenue increased 7.7% lfl to €553m, mainly driven by the revenue growth of the franchise agreement and management contracts, which confirmed the company’s near-term strategy. New businesses: revenue came in at €31m, up +14.5% lfl. Hotel Assets & Other: sales were €157m, +7.5% lfl. The company opened 61 hotels and nearly 10,000 rooms in Q1 18. The FY 18 guidance should be released in H1