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Accor - A Solid First-Half 2012: Revenue Up 3.6% like-for-like

Accor - A Solid First-Half 2012: Revenue Up 3.6% like-for-like

Category: Worldwide - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2012-07-18

Sustained Growth in the Second Quarter Despite Negative Calendar Effect

First-half revenue up 3.6% like-for-like and down 0.1% as reported, of which a 3.1% like-for-like in the second quarter

Good performance across all segments, led by steadily rising prices

20.1% increase in management and franchise fees over the semester

Record expansion in the first-half, with the opening of 20,700 rooms (141 hotels), 85% of which under management and franchise contracts

Motel 6 accounted for in Assets Held For Sale following its announced sale to Blackstone.

For the full press release clinck on the link below



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