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AccorHotels: Q3 sales up 22.3%
(CercleFinance.com) - AccorHotels' revenues reached 1,033 million euros in the third quarter of 2018, up 22.
3% as reported and up 7.6% like-for-like. RevPAR rose by 5.9%, with positive performances from all regions, particularly for Europe (+7.1%) and Asia Pacific (+3.1%). This growth is mainly the result of a strong price effect (76%). Changes in the group's consolidation scope (acquisitions and disposals) contributed 144 million euros (+17.0%), in particular thanks to the integration of Mantra, Mövenpick and Gekko. The group expects EBITDA at the top of the range announced last July (between 700 million and 720 million euros). Copyright (c) 2018 CercleFinance.com. All rights reserved. |
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