Accor has reported that third-quarter 2015 business activity was strong in the majority of the Group’s markets. Revenue totalled €1,493 million, up 3.4% at constant scope of consolidation and exchange rates (LFL), and up 2.4% as reported. Full-year 2015 EBIT target is now between €655 million and €675 million.
Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, commented:
“Third-quarter performance was in line with the trends observed since the beginning of the year, with strong business activity in most of the Group’s markets, flat demand in France and a rapid deterioration in Brazil reflecting a challenging economic environment. AccorHotels continues to deploy its strategy, with the initial success of the digital plan and fast growth for HotelServices, and the transformation of HotelInvest. In light of these elements, the Group refines the range of its 2015 EBIT forecast to between €655 million and €675 million.”
Third-quarter 2015 highlights
- Sustained growth in vast majority of European markets
- Very solid performances in Africa Middle East and Asia-Pacific (excluding China)
- Flat demand and a stable performance in France
- Rapid deterioration of the situation in Brazil, exacerbated by the devaluation of the real
- HotelInvest: continued restructuring at a fast pace
- HotelServices: opening of 23,449 rooms (154 hotels) since the beginning of the year; further implementation of the digital plan
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