Accor reports a jump in revenue in third quarter

23 October 2006
Accor reports a jump in revenue in third quarter

Revenue at hotel chain Accor has jumped in the third quarter after a hotel recovery in Southern Europe combined with a strong showing in the north of the region.

The group's third quarter results saw revenue increase 6.8%, trumping the 6% growth achieved during the first half of the year.

The mid and upscale sector, which includes brands such as Sofitel, performed best with like-for-like revenue 7.6% ahead of last year, with Germany posting a 14% rise and the UK a 12.3% leap.

In the economy hotel market, which includes Ibis, revenue growth was lower at 5.8% after a strong recovery in the French, Spanish and Italian markets was off set by a lower rate of growth in Germany (4.6%).

Total hotel revenue was €4.09b (£2.74b) for the year to 30 September up from €3.87b (£2.59b) for the same period the previous year.

Accor group's consolidated revenue, which includes non-hotel earnings from services and products, was €5.64m (£3.78b) for the first nine months of 2006.

Accor's hotel brands also include Ibis, Formule 1, Novotel and Mercure.

Accor sees strong start to year >>

CatererSearch100 profile: Michael Flaxman >>

Accor website >>

By Emily Manson

E-mail your comments to Emily Manson here.

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking