• NH Hotel Group will open 27 hotels in Europe and the Americas in the next 24 months, making a total of 4,471 new rooms.
  
  
• MINOR Hotels will open 23 hotels in Asia, increasing its offer with 5,635 rooms. NH Collection and NH Hotels & Resorts continue to expand in Asia, with 11 openings on this continent.
  
  
• NH Hotel Group exceeds 2019 revenues in 2022 and exceeds 2019 EBITDA from Q2 onwards
  

NH Hotel Group and its majority shareholder, Minor International, will drive synergies and intensify the expansion of its eight brands - NH Hotels, NH Collection, nhow, Tivoli, Anantara, Avani, Elewana and Oaks - over the next two years, with the opening of 50 new hotels worldwide, totalling 10,106 rooms.

NH Hotel Group's revenue figure in 2022 will be close to €1.750 million, higher than that reported in 2019 due to the solid commercial strategy focused on prices. Between April and December 2022, excluding the impact of Omicron in the first quarter of 2022, EBITDA, or gross operating profit, was also higher than the same period in 2019 due to the sustained reactivation of the leisure and business customer and tight cost control. Including the impact of the first quarter, full year EBITDA will be around 85% of 2019.

The strong cash generation in 2022 has accelerated the debt reduction started in 2021. As a result, net financial indebtedness in 2022 was reduced by around EUR 250 million to levels around EUR 315 million, compared to the EUR 568 million reported at the end of 2021. It is worth noting the early repayment in 2022 of EUR 200 million of the ICO loan, equivalent to 80% of the total amount of this loan, and the Group's solid liquidity of more than EUR 565 million at the end of 2022.

Occupancy in 2022 will be around 60%, lower than in 2019 due to the negative impact of the first quarter. In relation to competitors, the flexible strategy during the first quarter has enabled NH Hotel Group to increase market share by 1 percentage point compared to 2019. Average daily rate (ADR) will be around €120 per day, 15-20% higher than in 2019 and above the result relative to competitors in 2019.

On that financial basis, NH Hotel Group aims to become one of the most active hotel players in Europe and Latin America in the coming years, with 27 new openings planned between 2023 and 2024 in the territories in which it operates. These are spread across three Anantara luxury brand hotels (Anantara The Marker Dublin, Anantara Convento Di Amalfi and Anantara Royal Vila Viçosa Resort), three Tivoli hotels (Tivoli Alvor Algarve Resort, Tivoli La Caleta Resort and Tivoli Doelen), four NH Collection hotels (NH Collection Frankfurt Spin Tower, NH Collection Cagliari, NH Collection Milano Touring and NH Collection Bodega Sogevinus), 3 nhow hotels (nhow Lima, nhow La Dehesa in Santiago de Chile and nhow Rome) and seven NH Hotels (NH Bern The Bristol, NH Dona Ines Coimbra, NH Mexico City Reforma Centro, NH La Perla Aguascalientes, NH Guadalajara, NH Sintra and NH Marina Portimao).

These additions -which represent an increase of 4,471 rooms in NH Hotel Group's offer- also include the seven new Avani hotels planned until 2024 in Europe and Latin America (Avani Alonso Martínez, Avani Palazzo Moscova, Avani Rio Novo, Avani Frankfurt City, Avani Museum Quarter, Avani La Boheme and Avani Cancún). This upper-scale brand, aimed at young travellers, is characterised by its hotels with disruptive and functional designs, located in urban centres and with an offer of differential services.

Ramón Aragonés, CEO at NH Hotel Group, highlighted "the cost control and management efforts made by the group in the last two years has allowed us to change the pace to take advantage of the synergies with Minor International and grow strongly in the world. The upper-upscale and luxury travel segments are proving to be particularly strong, and we have a very powerful and internationally consolidated combined offer. As Asian travellers join the world's major tourist routes, we are in a position to offer them a differential brand architecture that is well known and appreciated internationally," he said.

Ramón Aragonés also explained that EBITDA or gross operating profit between April and December 2022, without the omicron effect, was higher than in the same period of 2019. "We are satisfied with the reduction in record time of a relevant part of the debt incurred during the pandemic. Cost containment, debt reduction and earnings performance allow us to rule out strategic asset sales. They also put us in an excellent position to grow through strategic agreements with large international hotel owners," Aragonés explains. "We already have almost thirty hotel openings planned for the next two years. We are going to be very active until we complete a differential and very balanced offer between urban and tourist destinations that are always emblematic and of quality", assures Aragonés.

Minor International, MINT, which owns 94.1% of NH Hotel Group's shares, will open, over the next 24 months, 23 hotels under the NH Hotels, NH Collection, nhow, Tivoli, Anantara and Avani brands, in the territories where it operates. Of these openings, seven will be the first openings of the NH Collection brand in Asia (two in Qatar, two in Dubai, two in China and one in Thailand, with a total of 2,122 new rooms), and four will mark the arrival of NH Hotels & Resort brand in this continent (three in China and one in Thailand, with a total of 847 new rooms).

Ramón Aragonés also highlighted the progress made in terms of digitalisation in the company, such as the Mobile Guest Service, through which customers can have the hotel services at their fingertips with the web app for their stay, and the installation of tablets in the reception areas, with the significant savings in paper that this entails. Likewise, all the hotels have become pet friendly, with a new pet policy in the group that allows cats and dogs to stay in practically all our hotels with specific amenities for them.

About NH Hotel Group
NH Hotel Group, part of Minor Hotels, is a consolidated multinational player and a leading urban hotel operator in Europe and America, where it operates over 350 hotels. Since 2019, the Company works with Minor Hotels in the integration of their hotel brands under a single corporate umbrella with presence in over 50 countries worldwide. Together, both Groups have a portfolio of over 500 hotels articulated around eight brands -Anantara, Avani, Elewana, Oaks, NH Hotels, NH Collection, nhow and Tivoli- that comprise a broad and diverse range of hotel propositions connected to the needs and desires of today's global travellers