Accor's HotelServices sees 7.6% Q1 sales lift

17 April 2015 by
Accor's HotelServices sees 7.6% Q1 sales lift

Accor's operating and brand franchising arm HotelServices has reported a 7.6% rise in like-for-like revenue to €290m (£209m) for the first quarter of 2015.

The growth was recorded in the majority of its markets, with Northern, Central and Eastern Europe (NCEE), excluding France/Mediterranean, up 8.8%; Mediterranean, Middle East, Africa (MMEA) up 7.5%; and Asia-Pacific (ASPAC) up 7%.

There was a slight slowdown compared with Q4 2014 in France (up 6.5%) and the Americas (up 2.2%).

Meanwhile HotelInvest, the hotel group's ownership and investment arm, which launched in November 2013, reported a 4.8% increase in quarterly like-for-like revenue to €1,055m (£761m).

Accor said there was strong growth across all regions, notably NCEE (up 6.4%) and MMEA (up 7.3%), and to a lesser extent the Americas (up 3.5%), where growth was slower than in Q4 2014.

Accor opened 47 hotels or a total of 7,238 rooms in the three months to 31 March 2015.

Sébastien Bazin, chairman and chief executive officer of Accor, said: "Accor enjoyed strong momentum in the early months of 2015, making progress in all our markets and all our segments. We benefited from the initial restructuring measures carried out in 2014 by HotelInvest and also took advantage of better macroeconomic trends in most of our key markets.

Accor's HotelInvest reports active first year >>

TagsFinance and Hotels
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 Group 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