Luxury Hospitality Daily News

< Previous news Next news >

Accor: Continued strong revenue growth, up 8.5% in the first nine months of 2007

Accor: Continued strong revenue growth, up 8.5% in the first nine months of 2007

Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2007-10-22


Accor’s consolidated revenue for the first nine months of 2007 totaled €6,119 million, an increase of 8.5%
over the same period of 2006. At constant scope of consolidation and exchange rates, the like-for-like
increase was 6.3%, confirming the favorable trend enjoyed by the Services and Hotels businesses since the
beginning of the year.
The expansion strategy accounted for 7.6% of revenue growth for the first nine months of the year. Disposals
carried out under the ongoing asset-right strategy in the Hotels business and the divestment of non-strategic
assets – including Go Voyages, which was sold in April – reduced revenue by 4.4%.
The currency effect was a negative 1.1% for the period.



You will also like to read...







< Previous news Next news >




Join us on Facebook Follow us on LinkedIn Follow us on Instragram Follow us on Youtube Rss news feed



Questions

Hello and welcome to Journal des Palaces

You are a communication or the PR manager?
Click here

You are an applicant?
Check out our questions and answers here!

You are a recruiter?
Check out our questions and answers here!