Brief: NH Hotels Q1 Net Recurring Loss Narrows To 40.0 Mln Euros YoY

Minor Hotels Europe & Americas SA

08/05/2023 07:11

May 8 (Reuters) - NH Hotel Group SA  NHH.MC :
    * Q1 RECURRING EBITDA 58.8MLN EUROS VERSUS 9.2 MILLION EUROS
YEAR
AGO
    * DEMAND REMAINS STRONG IN THE FIRST PART OF THE YEAR AND
THIS
TREND IS EXPECTED TO CONTINUE IN THE COMING MONTHS
    * Q1 NET RECURRING LOSS 40.0 MILLION EUROS VERSUS LOSS 80.3
MILLION EUROS YEAR AGO
    * Q1 TOTAL REVENUES 407.0 MILLION EUROS VERSUS 233.7 MILLION
EUROS
YEAR AGO
    * Q1 OCCUPANCY RATE AT 59.7%, STILL 5PP BELOW THE OCCUPANCY
LEVEL
IN 1Q19
    * Q1 REVPAR 68 EUROS VERSUS 36 EUROS YEAR AGO

Source text for Eikon:  ID:nCNM2R9kF9 
Further company coverage:  NHH.MC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))