AccorHotels Puts Good 1Q Numbers on the Board

AccorHotels has reported consolidated first-quarter 2017 revenue of €425 million, up 35.4 per cent on last year, or 7.4 per cent on a like-for-like basis.

Changes in the scope of consolidation (acquisitions and disposals) made a positive contribution of €82 million, or 26 percent. Key to this were the contributions of Raffles, Fairmont, Swissotel, onefinestay and John Paul.

Currency effects also had a positive impact of €6 million, attributable primarily to the Brazilian real (up €8.2 million) and the Australian dollar (up €4.3 million).

During the first quarter, AccorHotels’ development represented 35 hotels and more than 7,000 rooms. As of March 31st, the group’s pipeline amounted to 951 hotels and 176,000 rooms.