French hotel group Accor SA (ACRFF.PK,ACRFY.PK) reported that its fourth-quarter revenues rose 5% to 1.447 billion euros from 1.378 billion euros in the same quarter last year. On a like-for-like basis, fourth-quarter revenue increased by 2.5%.
Revenues from Hotels increased 3.3% to 1.396 billion euros from 1.352 billion euros in the year ago quarter.
Revenue in the Upscale & Midscale segment rose by 2.4% like-for-like and by 3.3% as reported in the fourth quarter, lifted by the increase in RevPAR, due to the improvement in average room rates, and the growing contribution from management and franchise fees, that were up 10.5% and added 1.2 points to quarterly growth.
Revenue in the Economy segment rose by 2.1% like-for-like and 3.2% as reported in the fourth quarter. The gains were driven by the sharp 28.7% increase in management and franchise fees over the quarter. This increase represents 2/3 of revenue growth this quarter.
Revenue growth was also led by strong performances in the Asia-Pacific region, up 4.1%, and Latin America, up 7.4%. Revenue held stable in Europe (up 0.8%), despite the sustained deterioration in the Spanish market, down 9.5% in the fourth quarter.
Revenues for fiscal 2012 were 5.649 billion euros, up 1.5% from 5.568 billion euros last year.
The company confirmed its full-year 2012 EBIT target of between 510 million euros and 530 million euros.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.