International Hotel Investments (IHI) is forecasting a stronger financial performance in 2026, supported by the opening of Corinthia Hotel Rome, continued growth at Corinthia Grand Hotel Astoria Brussels, and expanding hotel management operations, according to its latest Financial Analysis Summary.

The hospitality group expects revenue from its hotel operations segment to increase by 5.1 per cent to €295.2 million in 2026, while EBITDA is forecast to rise by 6.3 per cent to €61 million. Overall EBITDA margin is expected to improve slightly to 20.7 per cent.

A major contributor to the anticipated growth is Corinthia Hotel Rome, which opened in March 2026. The luxury property is forecast to generate €17.1 million in revenue and €2.3 million in EBITDA during its first nine months of operation.

Meanwhile, Corinthia Grand Hotel Astoria Brussels is expected to continue progressing through its market penetration phase. Revenue is forecast to increase by more than 55 per cent to €23.2 million, while losses are expected to narrow significantly, with EBITDA improving from a negative €10.5 million in 2025 to a negative €1.5 million in 2026.

The group also expects a rebound in London. Corinthia Hotel London is projected to generate €96.8 million in revenue, up 9 per cent from 2025, although profitability is expected to be affected by inflationary pressures and a €7.65 million refurbishment programme involving guest rooms, meeting spaces and the Crystal Lounge.

IHI's Maltese hotels are forecast to continue improving, with combined revenue expected to rise to €81.6 million and EBITDA reaching €20.3 million. The company expects profitability across its five local hotels to remain broadly stable.

The outlook also reflects a significant change in the group's Portuguese operations. On 1st April 2026, IHI sold a 72 per cent stake in Corinthia Hotel Lisbon to Orion Real Estate Fund VI, retaining a 28 per cent interest while continuing to manage the property through a 20-year management agreement. As a result, revenue and EBITDA from Lisbon are expected to decline sharply within the group's consolidated accounts.

Beyond hotel ownership, the group's hotel management business is expected to recover strongly. Revenue from this segment is forecast to increase by nearly 31 per cent to €24.9 million in 2026, while EBITDA is expected to return to positive territory at €1.4 million after recording a loss in 2025. The improvement is attributed to growing contributions from managed properties and the gradual normalisation of costs linked to recently opened hotels.

The group's real estate activities are also expected to remain a stable source of earnings. Rental income is forecast to reach €15.9 million in 2026, while EBITDA from the segment is projected at €14.6 million, supported by high occupancy levels at commercial properties in Tripoli and St Petersburg, as well as the Grand Hotel Prague Towers.

Looking ahead, IHI continues to expand its international pipeline. New managed properties are expected to open in Doha later this year and Riyadh in 2027, while additional projects are under development in Dubai, the Maldives, Lake Como, Tuscany and Chengdu.

The group's portfolio currently spans hotels, commercial property and development projects across Europe, North Africa, the Middle East and North America, with total asset values exceeding €1.66 billion as at the end of 2025.