Booking volumes up 22.5% to Euro 103.71 million in Q3 2011
Nuremberg, 7 October 2011 – In the third quarter of the 2011 financial year, hotel.de AG managed to maintain the positive momentum already seen in the previous quarter, generating commissionable net booking volumes* of Euro 103.71 million. This figure, corresponding to the volume of “new orders” received, also for subsequent months, in the quarter under report, thus grew year-on-year by 22.5% (Q3 2010: Euro 84.65 million). The company benefited in particular from the sharp rise in domestic booking volumes by 24.3% to Euro 60.58 million (Q3/2010: Euro 48.73 million). International booking volumes showed further stable growth of 20.1%, amounting to Euro 43.13 million (Q3/2010: Euro 35.92 million). The international business accounted for a 41.6% share of total booking volumes (Q3/2010: 42.4%).
Commissionable net booking volumes for the first nine months of the 2011 financial year as a whole now amount to Euro 280.84 million, up 14.1% on the previous year’s figure of Euro 246.13 million.
Substantial growth in commissionable net checkout volumes
Commissionable net checkout volumes, the key figure presenting the volume of commissionable accommodation actually taken up in the period under report, amounted to Euro 99.28 million in the third quarter of 2011 (Q3 2010: Euro 86.71 million), 14.5% ahead of the previous year’s figure. In the period from January to September, commissionable net checkout volumes totalled Euro 261.65 million (previous year: Euro 236.49 million), corresponding to year-on-year growth of 10.6%.
“We are very satisfied with our business performance in the third quarter of 2011, even though some of our foreign markets are still being held back by the ongoing debt crisis in the euro currency area. We generated substantial growth both in our commissionable booking volumes and in our net checkout volumes and are therefore well on course to reach our targets for the year as a whole," commented Dr. Heinz Raufer, CEO of hotel.de AG, with regard to the company’s latest performance. “In this quarter, our commissionable booking volumes exceeded the Euro 100 million mark for the first time, thus underlining the strength of our business model and its scalability.”
Sustained growth in booking totals
The number of commissionable bookings made also continued to rise, increasing by 19.3% to 524,374 in the third quarter of 2011 (Q3 2010: 439,743). A total of 1,447,799 bookings were made in the first nine months as a whole, 11.7% up on the previous year’s figure of 1,296,635. In view of the positive development in booking figures for the first nine months of the financial year, the Management Board of hotel.de AG is once again confirming its annual forecast, namely of generating sales growth in a low double-digit range and achieving a year-on-year improvement in EBIT.
* The booking figures stated here correspond to the data enquiry status on 01.10.2011. Booking figures may subsequently be reduced by cancellations. Since the first quarter of 2011 we have converted our reporting to net booking volumes adjusted to exclude non-commissionable bookings. Net booking volumes correlate more closely to net checkout volumes and thus provide a more exact indication of the company’s future sales performance. The previous year’s figures have been adjusted accordingly.
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and private customers at its www.hotel.de and www.hotel.info addresses. Here, customers can book accommodation at more than 210,000 hotels in all categories easily, fast and at optimal prices. More than 4 million private and corporate customers worldwide place their trust in this service to book their hotels. When deciding on hotels, they can refer to more than 1.5 million personal hotel evaluations. Well-known companies, such as BASF, SAP AG, Texas Instruments, Ernst & Young AG, already use hotel.de’s corporate customer application to book hotels for business travel.
hotel.de AG has its headquarters in Nuremberg, as well as a branch in Hamm (Westphalia) and sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rom), China (Shanghai) and Singapore. Founded in 2001, the company went public in 2006. In 2010, it handled reservations with a volume of more than Euro 390 million.
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