Accor: Q3 sales up 12% at E1,434m
(CercleFinance.com) - The group reported sales of 1,434m for Q3 2024, up 12% y-o-y.
This growth breaks down into a 7% rise for the Premium, Midscale and Economy divisions, and an 18% rise for the Luxury & Lifestyle division.
In Q3 2024, Accor opened 47 hotels corresponding to 8,000 rooms, representing net network growth of 3.2% over the past 12 months.
The Premium, Midscale and Economy (PM&E) division reported a 5% increase in RevPAR compared with the third quarter 2023.
The Luxury & Lifestyle (L&L) division reported a 7% increase in RevPAR compared with Q3 2023, mainly driven by higher occupancy rates.
Accor confirms its outlook for FY 2024. The group expects RevPAR growth of between 4% and 5%, network growth of between 3% and 4%, and a positive contribution to EBITDA from Owner Services.
The Group has raised its guidance for group EBITDA to between E1,100m and E1,125m (previously between E1,095m and E1,125m).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This growth breaks down into a 7% rise for the Premium, Midscale and Economy divisions, and an 18% rise for the Luxury & Lifestyle division.
In Q3 2024, Accor opened 47 hotels corresponding to 8,000 rooms, representing net network growth of 3.2% over the past 12 months.
The Premium, Midscale and Economy (PM&E) division reported a 5% increase in RevPAR compared with the third quarter 2023.
The Luxury & Lifestyle (L&L) division reported a 7% increase in RevPAR compared with Q3 2023, mainly driven by higher occupancy rates.
Accor confirms its outlook for FY 2024. The group expects RevPAR growth of between 4% and 5%, network growth of between 3% and 4%, and a positive contribution to EBITDA from Owner Services.
The Group has raised its guidance for group EBITDA to between E1,100m and E1,125m (previously between E1,095m and E1,125m).
Copyright (c) 2024 CercleFinance.com. All rights reserved.