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Accor Q3 Revenues Up 11%

Accor (ACRFY.PK,ACRFF.PK) Thursday reported third-quarter revenues of 1.049 billion euros, up 10.9% from 945 million euros last year. On a like-for-like basis, revenues grew 4.1%.

RevPAR increased by 0.7%, with performances varying by region. Europe was relatively resilient (1.2%), while Asia-Pacific recorded a slight decline (-1.1%), mainly due to the environment in China.

Hotel services revenues rose 11.8% to 760 million euros, while hotel assets grew 11.8% to 273 million euros.

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