Strong first quarter performance in the UK for AccorHotels

21 April 2017 by
Strong first quarter performance in the UK for AccorHotels

AccorHotels' UK portfolio outperformed the company's global business with a like-for-like revenue growth of 9.2% during the first quarter of 2017.

Global turnover of the French hotel group was 7.4%. Consolidated revenue for January to March 2017 was up 35.4% to €425m (£356m).

AccorHotels said the UK has benefitted from the fall in the value of the pound. "In London, there was a marked recovery in the leisure segment, both local and international, with a very pronounced increase in travellers coming from Asia and North America. At the same time, the business travel segment remained very solid."

Recently acquired businesses of Raffles, Fairmont, Swissotel, Onefine stay and John Paul made a contribution of €82m (£69m) to the company.

Sébastien Bazin, chairman and chief executive of AccorHotels, said: "The trends observed in the first quarter in the vast majority of regions reflect a favorable environment for the hotel industry. This is particularly the case in our three main markets, France, Europe and the Asia-Pacific region. The new businesses also performed well, thanks in part to the support of AccorHotels."

On 31 March 2017 AccorHotels' pipeline stood at 951 hotels and 176,000 rooms. The group has 4,100 hotels, resorts and residences, plus 3,000 private homes worldwide. Its hotel portfolio includes the Sofitel, Pullman, Novotel, Mercure and Ibis brands.

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