REPORTED REVENUE GROWTH SUPPORTED BY ALL GEOGRAPHIES
Spain: +20.3%. Outstanding performance above high teens guidance
Italy: +7.7%. In line with the guidance of high single digit
Benelux: mid single digit target excluding reforms achieved (+5.9% LFL). Reforms of the quarter negatively impacted in -€3.7M but in line with the plan. LFL Brussels evolution (-17% ) offset by the better performance of Amsterdam (+28%)
Central Europe: +2.4%. Low single digit growth including reforms ahead of guidance. Impact of timing of Easter estimated c.-€1.6M and in line with the plan
LatAm: +24.4% excluding currency effects . Very positive trend in local currency across all markets
+20.3%
+7.7%
-2.1%
+2.4%
+24.4%
+12.2%
+8.5%
Like for Like & Reforms +7.9%
Revenue LFL
+18.2%
+5.3%
+5.9%
+2.7%
+27.5%
Total Revenue
+18.6%
+12.6%
-2.4%
+2.3%
+22.0%
Total Rev. LFL ex. currency effect = +9.2% Total Rev. LFL = +6.4% (reported)
BUILDING UP THE NEW NH 3
SIGNIFICANT BETTER REVPAR PERFORMANCE AHEAD OF COMPETITORS
Successful tactical approach of a combined mix of Occupancy/ADR taking into account the seasonality of the Business across the year (Q1 '16 has an occupancy of 8 b.p lower than the average of the rest of the quarters of 2015)
RevPar: +6.5% (52% through ADR). At constant exc. Rate +10.0% (69% through ADR)
ADR: +3.4% or +€2.7. At constant exc. Rate +6.9% or +€5.6 enabled by refurbishments and pricing strategy
Occupancy: strong demand growth in Spain (+11.3%) and Italy (+4.7%)
Occupancy Q1
59.4%
60.3%
ADR (€) Q1
81.2
83.9
58.6%
75.3
2014 2015 2016
2014 2015 2016
Ability to grow prices ahead of competitors (STR*):
Positive evolution of the ADR relative growth vs competitors in a low season quarter. Relative RevPar increase +7.8% vs competitors
RevPar % var
"Relative"
RevPar
NH
Comp Set
RGI % var
Total NHH
11.0%
3.2%
7.8%
Spain
19.5%
6.8%
12.6%
Italy
4.2%
-2.8%
7.0%
Benelux
6.8%
5.9%
0.8%
Central Europe
5.3%
0.2%
5.1%
Occupancy / ADR mix strategy has enabled to replace the segmentation change started in 2015, with a remarkable higher occupancy growth: NHH +5.5% vs -1.9% for competitors
RevPar (€) Q1
50.6
47.5
44.8
2014 2015 2016
(*) STR/MKG/Fairmas Competitive Set Average Growth
BUILDING UP THE NEW NH 4
NH Hotel Group SA published this content on 10 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2016 17:36:03 UTC.
NH Hotel Group SA, formerly NH HOTELES, S.A., is a Spain-based company primarily engaged in the hospitality sector. The Company's activities are divided into two business segments: Hotels and Real estate. The Hotels division is active in the management and exploitation of hotel chains under the NH Hoteles, NH Collection, Hesperia Resorts and nhow brand names. The Real estate division includes operations related to assets management. Apart from accommodation, the Company's services also include gastronomy and organization of banquets. Its hotels are located in Europe, the Americas and Africa. The Company is a parent of the NH Hotels Group, which comprises numerous subsidiaries, such as Nuevos Espacios Hoteleros SA, Latinoamerica de Gestion Hotelera SL and NH Hotel Ciutat De Reus SA.