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Accor: Very Good First-Half 2011 Performance by a “100% hotelier” Group

Accor: Very Good First-Half 2011 Performance by a “100% hotelier” Group

Category: Worldwide - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-08-24

Solid growth in revenue: up 5.8% like-for-like1 to €2,973 million Steep increase in EBIT: up 44% like-for-like1 to €199 million Sharp improvement in EBITDAR margin: up 1.1 point to 30.2%
*** Solid financial position: funds from operations/adjusted net debt at 23.1%2 Expansion: full-year objective of 30,000 rooms confirmed Ongoing deployment of the asset management program with the disposal of 65 hotel properties during the period



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