Asia market contributes to Accor's sales

01 August 2005
Asia market contributes to Accor's sales

French hotel group Accor has announced a 5% like-for-like increase in turnover in the first six months of this year, to €3.64b (£2.52b).

Accor said 101 hotels were opened in the first half of this year. Out of these properties, 80% are operated under management contracts or franchise agreements. Of the remainder, 60% were in the economy sector and 40% mid to upmarket.

Asia saw the biggest increase in like-for-like sales for the period with a 24.7% rise. North America like-for-like sales jumped 10.7%, South America by 7.3% and the UK by 5.7%. Although the rate of sales growth was lower in Continental Europe.

Restaurants in Accor hotels also put in a robust performance with like-for-like sales up 9.1% during the half year.

Buy this week's Caterer magazine for more industry news and analysis

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 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.

close

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