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Accor Hotels reports strong growth despite Paris terrorism

18 February 2016 by
Accor Hotels reports strong growth despite Paris terrorism

Accor Hotels has reported strong growth in its financial results for 2015, despite difficulties in France following the terrorist attacks of January and November.

Revenue was up 2.3% to €5,581m (£4,349m), EBIT was up 10.6% to €665m (£518m), and net profit up 9.4% to €224m (£174m).

Revenue in France was down 0.5% in 2015, reflecting a sharp decline in the fourth quarter (-6.6%) due to the terrorist events of November. Revpar deteriorated over the year by 3.4% in the Paris region.

In 2016 the company will continue to build on its acquisition of the Fairmont Raffles Hotels International Group, and the announcement of the creation of a new franchisee bringing together 85 hotels in Europe.

Sébastien Bazin, chairman and chief executive officer of AccorHotels, said: "AccorHotels delivered an outstanding performance in 2015: growth in revenue, a big improvement in earnings and a more robust financial position. The momentum driven by the strategic, operational and cultural transformation and the quality of the performance and motivation of our teams are clearly producing results in all of our businesses. AccorHotels is moving forward, driving its growth and focused on the future."

He added that the company's goals in 2016 were to strengthen its existing position and improve its operational and financial performance.

Sale and franchise-back of seven Accor hotels for £27m >>

AccorHotels snaps up Fairmont, Raffles and Swissotel >>

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