Accor sees turnover jump in first half of 2007 thanks to strong European performance

17 July 2007 by
Accor sees turnover jump in first half of 2007 thanks to strong European performance

European hotel giant Accor has seen turnover in the first half of the year jump 8.6% thanks to a strong performance from its mid and high-end hotels in the UK and France.

The company, which makes around 70% of its total hotel turnover from properties in Europe, said the increase in turnover showed the "continuing uptrend" in the European hospitality industry that had started in the fourth quarter of 2006.

Total hotel turnover in the first part of 2007 increased 8.6% to €2.896b (£1.95b). This compared with €2.666b (£1.796b) in the same period of 2006.

Midscale and upscale hotels, which include the luxury Sofitel brand, boosted turnover 14.1% in the half year to €1.457b (£982m).

In the UK mid to upscale hotel segment turnover rose 8.1% like-for-like during the half thanks to a strong performance in London.

Kiev to get its first luxury Sofitel hotel >>

InterContinental is largest hotel group in the world >>

Accor reports a rise in revenues >>

By Chris Druce

E-mail your comments to Chris Druce here.

The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking