Accor: Continued strong revenue growth, up 8.5% in the first nine months of 2007
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Accor: Continued strong revenue growth, up 8.5% in the first nine months of 2007
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Category: Worldwide -
This is a press release selected by our editorial committee and published online for free on 2007-10-22
Accor’s consolidated revenue for the first nine months of 2007 totaled €6,119 million, an increase of 8.5%
over the same period of 2006. At constant scope of consolidation and exchange rates, the like-for-like
increase was 6.3%, confirming the favorable trend enjoyed by the Services and Hotels businesses since the
beginning of the year.
The expansion strategy accounted for 7.6% of revenue growth for the first nine months of the year. Disposals
carried out under the ongoing asset-right strategy in the Hotels business and the divestment of non-strategic
assets – including Go Voyages, which was sold in April – reduced revenue by 4.4%.
The currency effect was a negative 1.1% for the period.
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