Brief: NH Hotels Sees 2022 Revenue Close To 1.75 Bln Euros, To Open 50 Hotels By End Of 2024 With Minor International

Minor Hotels Europe & Americas SA

18/01/2023 11:24

Jan 18 (Reuters) - NH Hotel Group SA  NHH.MC :
    * TOGETHER WITH MINOR INTERNATIONAL TO JOINTLY OPEN 50
HOTELS BY
THE END OF 2024
    * TO OPEN 27 HOTELS IN EUROPE AND THE AMERICAS IN NEXT 24
MONTHS
    * MINOR HOTELS TO OPEN 23 HOTELS IN ASIA
    * SAYS GROUP'S REVENUE FIGURE IN 2022 WAS CLOSE TO 1.75
BILLION
EUROS, HIGHER THAN REPORTED IN 2019 DUE TO SOLID COMMERCIAL
STRATEGY WITH FOCUS ON PRICES
    * SAYS BETWEEN APRIL AND DECEMBER 2022, EXCLUDING IMPACT OF
OMICRON IN FIRST QUARTER OF THAT YEAR, EBITDA WAS ALSO HIGHER
THAN IN SAME PERIOD OF 2019
    * SAYS INCLUDING IMPACT OF FIRST QUARTER, FULL-YEAR EBITDA
WAS
AROUND 85% OF 2019
    * OCCUPANCY IN 2022 WAS AROUND 60%, LOWER THAN IN 2019 DUE
TO
NEGATIVE IMPACT OF FIRST QUARTER
    * MINOR INTERNATIONAL, MINT, IS HOLDER OF 94.1% OF SHARES IN
NH
HOTEL GROUP

Further company coverage:  NHH.MC 
 (Gdansk Newsroom)
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