MHP Hotel AG, active in the management of premium and luxury hotels in the German-speaking region, reached an operational peak in the second quarter of 2026. Hotel revenue achieved amounted to EUR 56.8 million, representing an increase of 26% compared to the same period last year. In the first half of 2026, consolidated hotel revenue increased by 25.3% to EUR 98.3 million.
The main driver for this development was the initial full-quarter consolidation of the Hyatt Regency Vienna, acquired in February 2026. This acquisition significantly contributed to the increase in sales revenue. Consolidated lodging revenue recorded a plus of 22%. Noteworthy is the 41% increase in the Food & Beverage sector, while other operating revenue grew by 14%. This disproportionate growth in the gastronomy sector demonstrates the growing importance of alternative revenue sources and a diversification of the revenue base beyond the traditional room business.
The average operational capacity utilisation improved to 82%. Including the ramp-up phase of the Conrad Hamburg, the occupancy rate was 79%. The average daily rate (ADR) reached EUR 229, and revenue per available room (RevPar) was EUR 180. These key figures show a slight decline in direct comparison to the prior-year quarter (ADR EUR 238, RevPar EUR 189).
Influences on Price Development
Price development in the second quarter was influenced by various factors. The ramp-up phase of the Conrad Hamburg fell into a traditionally weaker seasonal period for the Hamburg hotel market. Additionally, temporarily persistent geopolitical tensions in the Middle East led to dampened demand in April 2026. This affected the average daily rate and RevPar. The adjusted average daily rate (ADR) decreased by 6% to EUR 225 compared to the prior-year quarter, and the adjusted RevPar fell by 3% to EUR 184. April represented an industry-wide dip in demand; however, occupancy picked up again later in the quarter.
For the third and fourth quarters of 2026, which traditionally represent the strongest revenue periods and are crucial for the annual result, the Management Board confirms its forecast. This confidence is based on the expectation of no significant escalation of geopolitical tensions. CEO Dr. Jörg Frehse highlighted the robustness of the growth strategy, consisting of portfolio expansion and premium positioning, and emphasised the successful development of additional revenue sources in the gastronomy sector. The outlook for the full year 2026 is confirmed, with expected group revenue of approximately EUR 225 million and group EBITDA of over EUR 10 million. Key drivers remain the full annual contribution of the Conrad Hamburg and the integration of the Hyatt Regency Vienna. The forecast is subject to no further negative influences from international travel developments.
- —Revenue increase in the second quarter of 2026 by 26% to EUR 56.8 million.
- —First full-quarter consolidation of the Hyatt Regency Vienna.
- —Increase in gastronomy revenue by 41% in Q2 2026.
- —Confirmation of the outlook for the financial year 2026.
