Hotel Brands

Accor sees revenues jump 27.8% in half-year results

Accorhotels has reported a 27.8% increase in revenues to €1.926m (£1.755m) in its half-year results.

EBITDA also increased by 30.1% to €375m (£341m), and net profit was €141m. Hotel assets and other revenue amounted to €519m (£472m), a like-for-like increase of 7.1%. The reported rise of 130.5% notably reflects the consolidation of Mantra in June 2018 and Mövenpick in September of the same year.

The hotel brand added 18,589 rooms (149 hotels) on an organic basis during the period, and now has a portfolio of 717,314 rooms (4,892 hotels) and a pipeline of 202,000 rooms (1,153 hotels) at June 30, 2019, of which 78% are in emerging markets.

Sébastien Bazin, chairman and CEO of Accor, said: “Once again, Accor reported another semester of solid results, in line with its objectives set for the medium term.

“Transformed into an asset-light player, the group is now capitalising on its growth drivers — strong complementary brands that are leaders in the majority of their markets, a sustained development, leading positions in the most touristic markets and a unique ecosystem for the benefit of the group’s millions of customers and partner-owners.”

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