Design Hotels AG

Design Hotels AG publishes Annual Results 2018 - Seite 2

Shareholders' equity increased from Euro 10.827m to Euro 12.198m. The equity ratio amounts to 64% (66).

Further Comments:

In 2018, the international travel industry was able to build on the growth trend of recent years thanks to an overall global economic growth. According to the United Nations World Travel Organization (UNWTO) the international arrivals number grew by 5% to 1.1 billion travellers in the first nine months of 2018 compared to the same time period of the previous year. The Asia-Pacific and South America regions saw the highest increase. Design Hotels AG was able to benefit from the positive developments of the industry.

CEO Peter Cole commented: "We are very satisfied with the company's development and the key figures for the year 2018. We were able to increase total revenue as well as the operational result compared to the previous year and, therefore, exceed the expectations expressed in the beginning and middle of the financial year. Once more the partnership with Marriott, previously Starwood, showed a positive impact on the results, in particular on the development of the transaction revenue. Design Hotels continues to remain focused on innovation which enables our brand to continue to resonate with our Community and our Originals, even as the industry increases in competitiveness.

Financial Calendar:

19. June 2019 21st Annual Shareholder Meeting in Berlin

18. July 2019 Investor Presentation at m:access Conference in Munich

1. August 2019 Publication of Half Year Results 2019

About Design Hotels(TM)
Design Hotels(TM) represents and markets a curated selection of more than 300 privately owned hotels across the globe. Design Hotels offers them an international platform as well as comprehensive services: Conception, positioning, marketing, sales and other services and measures to optimize their revenues. As part of a worldwide creative network Design Hotels provides for innovation and exchange of ideas among its members, guests and visionary people from other branches. None of the Design Hotels members equals another. Each one has its own character, history and kind and manner how it blends in with the environment. All houses are connected through their uniqueness. They are formed by their creators, hoteliers, architects, designers and other creative minds whose passion form unrivalled events based on good ideas.

www.designhotels.com, ISIN: DE0005141006, m:access Munich Stock Exchange (Regulated Unofficial Market)

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emitter: Design Hotels AG
address: Stralauer Allee 2c, 10245 Berlin
country: Germany
contact person: Sascha Wolff, Chief Financial Officer
phone: [phone]
e-mail: [e-mail]
website: www.designhotels.com

ISIN(s): DE0005141006 (share)
stock exchanges: open market (free market) in Frankfurt, free market in Stuttgart, m:access in Munich; open market in Berlin

[ source: http://www.pressetext.com/news/20190329010 ]