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Accor: Increased gross revenue and strong growth in management and franchise fees (France)
First-quarter 2013 revenue stable |
Category: Europe - France - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on Thursday 18 April 2013
- Gross revenue1 up 6.4% to €2.6 billion, led by the expansion in emerging markets
- Stable first-quarter 2013 revenue, down 0.1% like-for-like, with firm resilience in key markets; up 1.1% excluding the impact of February 29, 2012
- Robust 18.2% growth in management and franchise fees, thanks to expansion
- 4,628 new rooms opened during the first-quarter, 85% of which under asset-light structures
- Ongoing roll-out of the asset management program, with binding agreements concerning22 hotels for a €173 million impact on adjusted net debt
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