Rezidor Hotel Group: Interim Report January-March 2017

First Quarter 2017Like-for-like ("L/L") RevPAR for leased and managed hotels was up by 6.8%.The growth is due to increase in occupancy as well as average room rate. Revenue increased by 7.5% to MEUR   222.5 (207.0).The increase is due to the strong like-for-like RevPAR development...

London, 28/04/2017 (informazione.news - comunicati stampa - turismo)

The strongest first quarter since 2008

A strong start of the year with first quarter RevPAR growth of 7% for the group and 10% for our leased hotels which was supported by particularly good performance in March due to more favourable timing of Easter. Last year's exits of loss-making hotels also contributed positively to the overall results. Top line growth combined with good conversion made this quarter the strongest first quarter since 2008 underlining the traction in turnaround momentum and margin improvement.

The quarter was equally successful for signings: We contracted almost 3,200 rooms (compared to 2,000 rooms in the first quarter 2016), driven by Eastern Europe and the Middle East and including a 1,500 room Park Inn by Radisson in Makkah, Saudi Arabia. With the signing of our first lease since 2009 we will enter Geneva, Switzerland, one of the strongest hotel markets in Europe, with the Radisson Blu brand.

After the quarter closing, our new majority shareholder, HNA Tourism Group, announced the outcome of the mandatory tender offer. The offer was accepted by shareholders holding ca 19.1% of the outstanding shares. The shares tendered, together with those already held by HNA via Carlson Hotels, comprise to approximately 70.4% of the outstanding shares. We look forward to accelerating our development and growth together with HNA.

Wolfgang M. Neumann, President & CEO

On April 28, 2017 at 09:00 (Central European Time) a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Wolfgang M. Neumann and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit www.investor.rezidor.com.

Confirmation code: 6519463. For a replay of the conference call please visit www.investor.rezidor.com.

AGM 2017: April 28
Q2 2017 results: July 26
Q3 2017 results: October 25

Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
knut.kleiven@carlsonrezidor.com

Andrea Brandenberger
Vice President Strategy & Investor Relations
Tel: +32 2 702 9237
andrea.brandenberger@carlsonrezidor.com

The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300

Website: www.rezidor.com

The Rezidor Hotel Group is focused on hotel management and operates the core brands Radisson Blu and Park Inn by Radisson. In 2014, Rezidor announced together with Carlson Hotels the launch of two additional brands; Radisson RED, an upscale "lifestyle select" brand inspired by the millennial lifestyle, and Quorvus Collection, a new generation of distinctive five star hotels. Rezidor also holds 49% in prizeotel, a young hotel chain in the economy segment.

The portfolio consists of 484 hotels with over 105,000 rooms in operation and under development in 82 countries across Europe, the Middle East and Africa.

Rezidor's strategy is to grow with management and franchise contracts and only selectively with leases. The strategy is also to further expand in the emerging markets.

Rezidor is a member of the Carlson Rezidor Hotel Group. For more information, visit www.rezidor.com.

This interim report comprises information which Rezidor Hotel Group AB (publ) is required to disclose under the Securities Markets Act and/or the Financial Instruments Trading Act. It was released for publication at 07:30 Central European Time on April 28, 2017.

Stockholm, April 28, 2017

The Board of Directors

Rezidor Hotel Group AB (publ)

The full report with tables can be downloaded from the following link: