Hotels, Restaurants and Leisure
Company Overview of HMSHost Corporation
HMSHost Corporation designs, builds, finances, owns, operates, and maintains restaurants in airports, travel plazas, and specialty destinations and shopping and entertainment locations worldwide. HMSHost Corporation was formerly known as Host Marriott Services Corporation and changed its name to HMSHost Corporation in March 2000. The company was founded in 1995 and is based in Bethesda, Maryland. HMSHost Corporation operates as a subsidiary of Autogrill Group, Inc.
6905 Rockledge Drive
Bethesda, MD 20817
Founded in 1995
Key Executives for HMSHost Corporation
Chief Executive Officer and President
Chief Operating Officer and Executive Vice President
Chief Executive Officer of HMSHost International
Executive Vice President and General Counsel
Senior Vice President of West Region Operations
Compensation as of Fiscal Year 2015.
HMSHost Corporation Key Developments
Lite Bite Foods Private Limited Announces Joint Venture with HMSHost Corporation
Jul 22 15
Lite Bite Foods Private Limited has announced a joint venture (JV) with HMSHost Corporation to acquire the rights to launch and operate outlets at several domestic and international airports across India and Asian countries. The JV will operate under the name Lite Bite Foods HMSHost and will be based out of Gurgaon or Hyderabad, India. HMSHost will own a 51% stake in the JV, while Lite Bite Foods will own the remaining 49% stake. The transaction will enable HMSHost to expand in Asia.
HMSHost Appoints Kent Vanden Oever as Vice President of Business Development
May 26 15
HMSHost announced the appointment of Kent Vanden Oever as Vice President of Business Development, responsible for developing and overseeing key client relationships. Vanden Oever joins the company after holding a leading consulting role at AirProjects Inc.
HMSHost Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 13 14
HMSHost reported earnings results for the third quarter and nine months ended September 30, 2014. Revenues in the third quarter 2014 amounted to $696.2 million, down 1.4% on $709.6 million in the same period in 2013 (down 1.9% at current rates). The reduction in revenues is due entirely to the exit from the consolidation boundary of the US Retail Division20, which in 3rd quarter 2013 contributed revenues of $46.7 million. Net of said change in the boundary, sales in this area are in fact up 5.6% (up 5.0% at current rates). The channel that contributed most to the increase in Revenue was the airport channel, which grew 6.8% as a whole (6.4% at current rates). HMSHost's Ebitda amounted to $99.1 million, down 0.7% (down 1.5% at current rates) on the $100.6 million posted in the third quarter 2013, the ratio to revenues being stable at 14.2%.
Total revenues by HMSHost in the first nine months of 2014 amounted to $1,914.1 million, down 1.5% (down 2.1% at current rates) on $1,955.2 million in the first nine months of 2013 due to the change in the consolidation area (transfer of the US Retail Division, which contributed $131.1 million). Net of such change, revenues are up 5.7% (up 4.9% at current rates), due mainly to the increase in the average spend. HMSHost's Ebitda in the first nine months amounted to $222.8 million, up 1.2% (0.4% at current rates) on $222.0 million in the same period in 2013. Excluding the contribution of the US Retail Division in 2013 ($7 million) and re-organization costs ($3.4 million in 2014 and $2.3 million in 2013), Ebitda rose 5% (4.1% at current rates). The Ebitda margin was 11.6% against 11.4% in the first nine months of the previous year.
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