Strong first-half to 2013 for Accor

17 July 2013 by
Strong first-half to 2013 for Accor

A growth in management contracts and franchise agreements has helped increase worldwide gross revenue at French-hotel group Accor by 6.7% to £4.86b, during the first half of 2013.

The strong increase in revenue was driven by favourable results in the second quarter with like-for-like revenue up 3.3%.

A total of 9,940 new bedrooms opened across the globe during the first six months of the year, 80% of which are either franchised or managed properties.

In the UK, occupancy at the group's upscale and midscale hotels since the beginning of the year increased by1.3 percentage points to 77.7%, while average room rate rose by 3.8% to £85 and revenue per available room (revpar) climbed by 5.6% to £66.

Across Accor's economy hotels in the UK, occupancy grew by 0.9 percentage points to 77.1%, average room rate increase by 6.7% to £49 and revpar par rose by 8.1% to £38." target="_blank" rel="noreferrer">
Accor sees turnover and profit rise in 2012 as it gears up for further growth >>

TagsFinance and Hotels
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