Solid Q1 results
The top global hospitality CEOs and heads talk about the performance of their brands in the first quarter of 2019. Here’s what they have to talk in terms of improvement in RevPar, enhancement of services and more.
INTER CONTINENTAL HOTELS GROUP CHIEF EXECUTIVE OFFICER
Keith Barr
The group witnessed surge in net size with 5.4% in Q1 and saw the highest number of signing deals in 12 years. There was something to cheer for as well, with the global RevPAR increasing to 0.3 % against strong prior year results. We achieved a good growth in the US and continued gains in China. Sixty per cent of our openings globally was in the Holiday Inn brand.
WYNDHAM DESTINATIONS PRESIDENT & CEO
Michael D. Brown
We have delivered solid results in the first quarter. Strong volume per guest, combined with cost efficiencies led to a 60-basis point margin improvement yearover-year and an adjusted EBITDA growth of four per cent. During the first quarter of 2019, the reported revenue was $918 million, compared to $907 million during the same period in 2018.
MARRIOTT INERNATIONAL PRESIDENT & CEO
Arne M. Sorenson
The worldwide systemwide
RevPAR for comparable hotels of the group increased by 1.1 per cent, while the net rooms grew by 5.3 per cent. The gross fee revenue rose to 6 per cent. Despite modest RevPAR growth and higher labour costs, we increased North American house profit margins by 30 basis points and held worldwide house profit margins flat through cost synergies.
HILTON PRESIDENT & CEO
Christopher J. Nassetta
The first half of the year was worthy of an applause as the brand exceeded the high end of guidance for adjusted EBITDA and diluted EPS, adjusted for special items. It continued to drive impressive market share gains across all brand segments and regions during the first quarter, further increasing our industry-leading RevPAR index premium. The launch of Signia Hilton was much awaited.
ACCOR CHAIRMAN & CEO
Sébastien Bazin
In a turbulent macroeconomic environment, the Accor Group’s first-quarter revenue performance highlighted the effectiveness of the company’s strategy. On the global platform, Europe remained strong, while South America continued its robust recovery. We achieved sustained business development over the period, in line with our medium-term objectives. Through rise in luxury hotels, we gained positively in Q1.
HYATT HOTELS CORPORATION PRESIDENT & CEO
Mark S. Hoplamazian
We witnessed a positive start to the year, highlighted by continued growth of management and franchising fees. The integration of the Two Roads brand has been steady and is expected to fuel future growth in our managed and franchised business. The continued demand for our brands among developers drove sequential expansion of our pipeline of executed contracts.