€1.50
THURSDAY 7 JULY 2022 • ISSUE 163
WWW.BUSINESSTODAY.COM.MT
INTERVIEW PAGES 4 & 5
PAOLO CATALFAMO, LIFESTAR
PAGE 2
PAGE 3
Corinthia recorded €103.6m
revenue in 2021, up 62% over
2020 but still at 53% of 2019
Waiters and
bartenders
earn €14,500
to €19,200
annually
Strengthening the
Maltese operations
with an eye to
European expansion
PAUL COCKS
INTERNATIONAL Hotel Investments
plc, owner of the Corinthia brand, record-
ed €103.6 million in hotel revenue in 2021,
an increase of 62% over the previous year.
e revenue however fell far short of the
€219.4 million recorded in 2019, before
the onset of the COVID-19 pandemic.
e financial analysis summary for IHI
Group shows that hotel operations start-
ed to recover in 2021 as travel demand
increased following the gradual easing
of travel restrictions by relative govern-
ments.
Corinthia London and the Malta oper-
ations also doubled their revenue year-
on-year and represented 71% of aggregate
revenue.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 6 July 2022
Number of Trades: 64
Turnover: €997,738.23
MSE TRX Index: 7,789.124
(Change: 0.514%)
Name 3.8% HLF 2029
MT0001891218 - Currency €
Last Traded 6 July, 2022
Price 98.500
Change +1.490
US Dollar 1.0178
British Pound: 0.85568
Japanese Yen: 138.18
Australian Dollar: 1.5016
Swiss Franc: 0.98833
7,132.47
114.03
7,198.72 / 7,025.35
Value
Net variation
High / Low
1.52
IHI Group 2021 revenue
topped out at 53% of
2019 levels but showed
considerable year-on-
year increase on 2020's
€63.8 million
