As demonstrated by the financial results of hospitality enterprises such as Minor, Hilton, Marriott, Wyndham, IHG, Ascott and Melia, the year 2023 has confirmed the recovery in the hotel business. All performance indicators are in the green and on the rise, enabling the hotel groups to move forward after the disappointing results of previous years. A short overview:

• Minor Hotels has reported an increasing demand again for leisure and business travel.  The strong growth trend is expected to continue in 2024, with levels by 39% in Thailand, and 20% in Europe.
• For Hilton, the year also resulted in growth (11%) and the Group is pursuing its growth strategy.
• The Marriott group reports to expect another year of solid growth and significant shareholder returns.
• At Wyndham, the global system grew by 3.5%, marking 12 consecutive quarters of organic growth in both the US and internationally. 
• IHG’s performance has also shown a strong evolution with a strong pipeline of 556 new hotels. 
• Ascott announced a 28% year-on-year increase in fee-related earnings in full year 2022. The group remains focused on organic growth through management and franchise agreements.
• Spain’s Meliá Group reported sales of up 14.8% on 2022 and a reduction of the company’s net debt by the Group’s strong performance over the full year 2023.