CONSOLIDATED MANAGEMENT REPORT
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The energy savings achieved come from reducing energy consumption as well as from global negotiation of favourable energy prices for 2014. The
reduction in energy consumption was helped by good weather conditions in the major European cities, as well as by the implementation of energy
efficiency systems and investment in energy installations.
NH Hotels is certified by leading international standards such as ISO 50001, which certifies the efficiency of the hotel network’s energy management on
an international scale, and ISO 14001, which certifies environmental management. NH Hotels was the first global hotel chain to obtain the prestigious
ISO 50001 certification, which allows the Group to go even further in its bid for energy efficiency improvements.
NH Hotels reports its climate change commitment and strategy to the Carbon Disclosure Project (CDP). The CDP’s A-rating places NH Hotels Group
among the leading companies in the hotel industry for its strategy to combat climate change. NH Hotels Group forms part of FTSE4 Good, an index on
the London Stock Exchange which recognises the socially responsible behaviour of companies worldwide.
NH Hotels was awarded with the Gold Medal for Sustainability from the Global Business Travel Association (GBTA) and is the first international hotel
chain to receive this prize. NH Hotels Group’s environmental actions have received numerous awards, including the European Business Award for the
Environment, granted by the European Commission in 2014.
RESULTS
The Group continues to have significant indicators of activity, with the consolidated RevPAR up by 3.6% (€53.70 in 2014 compared with €51.80 in 2013,
in like-for-like terms). Per business unit:
The trend in Spain is favourable, with comparable RevPAR growth of 4.8% in the fourth quarter, mainly thanks to a 3.9% rise in prices. Madrid and
other large cities such as Valencia and Seville continue to show signs of growth in occupancy and prices. Over twelve months, comparable revenue
grew by 5.3% in this market, with a notable increase of activity in the restaurant business, up by 8.2%.
Meanwhile, Italy had a strong final quarter, with growth of 6.3% in revenue per available room, 60% of which was based on mid-range growth. The
Group’s Milan hotels performed well compared to the market, with a higher price index than the competition. Over the year, comparable revenue was
up by 4.2%, and the prospects for 2015 are positive.
Benelux had a slightly higher RevPAR in the fourth quarter, offsetting the lower occupancy for events this year with a 3.7% price increase. Cumulative
comparable revenue for the year was up by 1.5%, in line with RevPAR, and favourable trends are predicted for 2015, especially in Amsterdam.
Central Europe: Due to the scheduling of congresses and events, this business unit had a last quarter which was very similar to the previous year. Over
the year, the Group’s hotels in Berlin performed well above the competition in price. Comparable revenue increased by 1.8%, and RevPAR is expected
to increase next year.
Latin America: At constant exchange rates, there was a 24.6% increase in the comparable RevPAR throughout the region in the last quarter, basically
explained by a substantial price rise of 27.8%. At actual exchange rates, and despite the depreciation of the Argentine peso and its effect on
surrounding countries, comparable revenues grew by 2.9%. By region, each performed well over the year, especially in the evolution of average
prices, which grew at a constant exchange rate by 11.9% in Mexico and cumulatively by 47.1% in Argentina.
