Accor sees robust sales
First-half sales at Accor, Europe’s largest hotel group, rose 4.4 percent as a recovery in demand for its mid and higher-grade hotels accelerated in the second quarter, and it predicted the good momentum would carry through 2011.
In the Asia-Pacific region, revenue grew 8.1 percent like-for-like in the upscale & midscale segment and 11.7 percent like for-like in the economy segment.
“Occupancy rates are rising steadily and the recovery in average room rates is gradually spreading to all segments,” the company said in a statement.
A total of 13,700 rooms were opened in the period, 78 percent of which under management and franchise contracts. The group is on track to meet its full year target of 30,000 new rooms.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026