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Steigenberger increases turnover and profits in 2013

2013 saw the 85 establishments that make up the Frankfurt-based  Steigenberger Hotel Group grow sales by 8.7 percent to 502.5 million euros, the first time that the half-billion euro mark has been exceeded. Occupancy went up to 63.7 percent (previous year: 62.7 percent). The group's EBITDA increased by 52.7 percent to 19.7 million euros. The positive trend continued into the first quarter of this year, when sales increased by 11.6 percent to 121.6 million euros. 

Matthias Heck, CFO of Steigenberger Hotels AG, commented: "The large investments we have made in our portfolio and in the quality of service over recent years are paying off." He went on: "The high level of group liquidity we enjoy means that both growth and investment have been entirely financed from our own funds. The company remains debt-free."

A total of six hotels were opened or acquired in 2013: the Steigenberger Hotels in Braunschweig und Bremen, the Steigenberger Grandhotel in Brussels, the Steigenberger Makadi in Madinat Makadi and the InterCityHotels Berlin Hauptbahnhof and Leipzig. This brought the number of rooms to over 15,000 and increased staff to over 5,600.  

With record total investments of 30.0 million euros numerous Steigenberger and InterCityHotels were once again modernised in 2013. These include the Steigenberger Inselhotel in Constance, the Steigenberger Hotel and Spa in Krems, the Steigenberger Grandhotel Belvédère in Davos, the InterCityHotels in Augsburg, Nuremberg, Freiburg, Kassel and the InterCityHotel Berlin Ostbahnhof.  

"In 2013, Steigenberger continued to place its faith in outstanding service and quality. This is an approach that has brought long-term success", stressed Puneet Chhatwal, CEO of Steigenberger Hotels AG, and is pleased that "we won a 'Service Champion 2013' award as well as once more being crowned one of 'Germany's Top Employers". He went on: "We were also able to get off to a successful start in 2014. In the first quarter, occupancy rose by 4.6 percentage points to 59.2 percent and sales went up by 11.6 percent to 121.6 million euros. We are well-positioned to achieve our national and international growth objectives."

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