DGAP-News: hotel.de AG: Booking volumes with substantial growth of 18.8% to Euro 102.7 million in second quarter of 2010
(firmenpresse) - hotel.de AG / Miscellaneous
06.07.2010 10:01
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Booking volumes with substantial growth of 18.8% to Euro 102.7 million in
second quarter of 2010
Nuremberg, 6 July 2010* - Booking volumes at hotel.de AG showed sustainably
positive developments in the second quarter of 2010 as well, rising 18.8%
year-on-year from Euro 86.4 million to Euro 102.7 million. 'The economic
recovery has led to a revival in our corporate travel and international
booking customer businesses in particular', commented Dr. Heinz Raufer, CEO
of hotel.de AG. 'Together with the ongoing investments we are making in new
customer acquisitions, especially abroad, these were the key drivers for
our pleasing second-quarter results. We will continue to make every effort
to maintain this positive performance and thus to regain our pre-crisis
growth rates'.
Disproportionate growth in international booking volumes
International booking volumes, significantly affected by the impact of the
crisis in the previous year, showed disproportionate growth of 23.4% to
Euro 46.3 million. Of the company's core foreign markets, France posted the
strongest performance, with growth of 49.6%. Having said this, double-digit
rates were also reported by the UK (+16.9%), Spain (+29.4%) and Italy
(+23.3%). Domestic booking volumes improved 15.3% to Euro 56.4 million. The
conference business contributed Euro 1.8 million to booking volumes (Q2
2009: Euro 2.4 million).
Rise in number of bookings and average volume per booking
The number of bookings rose 14.3% from 452,903 to 517,461. The higher rate
of booking volume growth shows that the average volume per booking has also
increased. This figure benefited from a higher average length of stay in
the international business in particular. Remarks Dr. Raufer: 'The
international business generated around a third of the total number of
bookings in the second quarter, yet already accounted for virtually half of
our booking volumes. This was due to the fact that individual international
bookings were around 60% higher on average.'
Net commissionable checkout volumes, the key figure depicting the volume of
accommodation eligible for invoicing in the period under report, will
continue to benefit from the recovery in booking volumes in the coming
months as well. After all, the booking volume growth in the second quarter
of 2010 - the company's incoming orders for the period as it were - on the
one hand boosts the number and volume of commissionable checkouts in the
period under report, while also impacting on the following period, given
that some of the bookings made in the quarter under report only result in
checkouts in the subsequent quarter. Net commissionable checkout volumes
already rose 9% in June 2010. The figure for the second quarter as a whole
grew 5.3% from Euro 79.8 million to Euro 84.0 million.
Further increase in hotel commission margin in second quarter as well
What's more, hotel.de also achieved a year-on-year increase in its average
hotel commission margin. Dr. Raufer: 'Compared with the previous year's
period we have already managed to raise our margin from 11.0% to its
current level of around 11.5%. As the year progresses, the margin should
rise to 12.0% on average. This process will be assisted by concluding
numerous new contracts with foreign hotels, including many in the
high-margin Southern European market, as well as by our Top Ranking
process, in which hotels bid for the best listings with increased
commission rates. We are nevertheless still the best-priced provider in the
market.'
* The booking figures quoted here correspond to the data query status on
01.07.2010. Retrospective cancellations lead to a corresponding reduction
in booking totals.
hotel.de AG
hotel.de AG, with its international brand hotel.info, operates a free hotel
reservation service for companies and private customers at www.hotel.de and
www.hotel.info. The company offers more than 210,000 hotels worldwide for
booking online. Customers benefit in this respect from considerable cost
savings. hotel.de shows all available room rates for each hotel, thus
always enabling customers to select the lowest or most appropriate rate.
All bookings are forward simultaneously, securely and directly to the
individual hotel. This is guaranteed by the unique integration of hotels'
own reservation systems (so-called CRS and PMS systems) and hotel.de's own
myRES reservation system under hotel.de's standard user surface. hotel.de's
corporate application is already used by well-known companies, such as
BASF, SAP AG, Texas Instruments and Ernst&Young AG. Since January 2007,
hotel.de has extended its portfolio to include a conference enquiries and
booking system. Business customers in particular stand to save time and
money due to the optimised conference organisation processes facilitated by
this conference tool.
hotel.info
hotel.info - the international brand of hotel.de AG - was created to
promote the company's expansion into international markets. To acquire new
customers and hotels abroad, sales offices have already been opened in the
UK (London), France (Paris), Spain (Barcelona), Italy (Rome) and China
(Shanghai). The company's high share of business customers with
international operations facilitates its entry into new markets. The aim is
to establish hotel.info as the leading online hotel reservation service for
business and private customers in the foreign markets mentioned and then
step by step across the whole of Europe.
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Press contact:
hotel.de AG
Timo Vavrinec
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0)911-59832-0
Fax: +49 (0)911-59832-11
E-mail: presse(at)hotel.de
www.hotel.de
Haubrok Investor Relations GmbH
Simone Gorny
Kaistraße 16
40211 Düsseldorf
Tel: +49 (0)211-30126-130
Fax: +49 (0)211-30126-5130
E-mail: s.gorny(at)haubrok.de
www.haubrok.de
06.07.2010 10:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: hotel.de AG
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Deutschland
Phone: +49 (0)911 59832 2600
Fax: +49 (0)911 5983 211
E-mail: kleindienst(at)hotel.de
Internet: www.hotel.de
ISIN: DE0006910938
WKN: 691093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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