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Accor - 2011 Nine-Month Revenue: Robust growth in the third quarter (France)

Accor - 2011 Nine-Month Revenue: Robust growth in the third quarter (France)
Category: Europe - France - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-10-19

€510-530 million EBIT target confirmed

Positive trends in the third quarter: revenue up 2.7% as reported and 5.8% like-forlike despite high prior-year comparatives
• Nine-month revenue up 3.8% as reported and 5.8% like-for-like
• Faster third-quarter growth in the Economy segment led by strong demand and a
solid increase in average room rates
• Expansion at September-end: 28,000 rooms opened, of which 86% through
management contracts and franchise agreements. Full-year goal of 35,000 rooms
confirmed



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