Hotel Brands
Accor revenues up 54% in Q1 as RevPAR picks up in Asia
The underlying dynamics observed in previous quarters remain in place, with average prices still high and sequentially improving occupancy rate but still slightly lower than in 2019
Accor has revealed that for the first quarter of 2023, like-for-like revenues increased by 54% to reach €1.1bn (£0.9m), as RevPAR shot up 57% compared with the same period last year.
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