Design Hotels AG Publishes The Results For The 3rd Of 2008
Design Hotels AG, consulting, marketing and positioning service provider for hotels and small hotel groups listed in the new luxury segment, today published its results, under IFRS, for the third quarter and first nine months of 2008. Revenues grow by 11% Net Margin improves compared to previous quarters. Revenues in the first nine months of 2009 increased by approximately 11% to 6.29 million Euro (2007: €5.65 million) with all business segments contributing to the growth. In September, commissions reached an all time high on a monthly basis. Booking commissions accounted with 3.32 million Euro (+6%) for the majority of total revenues. Membership fees reached 1.56 million Euro (+13%), Marketing Products and Consulting generated revenues of 1.41 million Euro (+23%).