MADRID, Nov. 2, 2010 /PRNewswire/ -- NH Hotels has revealed that the adverse situation of the industry in 2009 underwent a major turnaround during the first 9 months of 2010 leading to a significant improvement towards recovery in the Group's basic activity. NH Hotels' revenues totalled euro 980.5M, a 9.4% rise, and its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reflected both the strong recovery in the market and the remarkable increase in productivity. The company generated an EBITDA totalling euro 102.2M, more than double the figure for the same period in 2009, due mainly to an improvement in the hotel business in all the markets where NH Hotels operates.
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