Revpar increase in Accor's UK hotels trails behind global portfolio

01 August 2019 by
Revpar increase in Accor's UK hotels trails behind global portfolio

French hotel group Accor has announced that it is on target to achieve a record year in 2019 after reporting a 4.8% increase in like-for-like revenue during the company's first half-year results.

Consolidated revenue for the global group, which comprises 717,314 rooms across 4,892 hotels, increased by 27.8% to £1.75b between January and June 2019, while earnings before interest, tax, depreciation and amortisation (EBITDA) was up 30.1% to £341.4m. Like-for-like EBITDA increased by 5.1%.

While consolidated revenue per available room (revpar) worldwide rose by 2.9%, the increase in the UK trailed behind at a more modest 1.2%. London produced a more resilient performance, with revpar up 4.3%, reflecting an "active tourism market". In contrast, revpar in regional UK cities dropped by 2.1% due to "uncertainties related to Brexit".

The number of new rooms in the pipeline for Accor stood at 202,000 (1,153 hotels) on 30 June.

Based on revpar trends during the first half of the year, Accor forecasted EBITDA for the full year of between £747m and £774m.

Accor comprises 36 brands including the budget Ibis, mid-market Mercure and luxury Fairmont, of which the Savoy (pictured) in London is one of the flagships.

Revpar growth for Accor hotels in UK is limited >>

AccorHotels to launch new Greet brand >>

Why do big hotel companies need so many different brands? >>

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