The Caterer

Asia market contributes to Accor's sales

01 August 2005
Asia market contributes to Accor's sales

French hotel group Accor has announced a 5% like-for-like increase in turnover in the first six months of this year, to €3.64b (£2.52b).

Accor said 101 hotels were opened in the first half of this year. Out of these properties, 80% are operated under management contracts or franchise agreements. Of the remainder, 60% were in the economy sector and 40% mid to upmarket.

Asia saw the biggest increase in like-for-like sales for the period with a 24.7% rise. North America like-for-like sales jumped 10.7%, South America by 7.3% and the UK by 5.7%. Although the rate of sales growth was lower in Continental Europe.

Restaurants in Accor hotels also put in a robust performance with like-for-like sales up 9.1% during the half year.

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