NH Hoteles : Very good FY 2023 results which reassure on demand in Q4 and provide a positive read-across for the European hotel sector
>A very good set of annual results, which confirm the favourable trends of Q4 - NH Hotels yesterday published very good results for 2023, beating expectations. Full-year revenues at € 2.16bn, were up 23% y-o-y (+18.8% on an organic basis), exceeding consensus expectations by almost 10%. This performance reflects very brisk activity in Q4 (when there were some concerns about the level of business demand, after a Q3 driven by leisure demand), with group RevPAR up by 12....NH Hotel is engaged in the operation and management of hotels throughout Spain, the Benelux countries, Germany, and South America.
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