Corporate
October 19th, 2017

Like-for-like third-quarter 2017 revenue
up 6.4% to €504 million /

Full-year 2017 EBIT expected at the upper end
of the €460m to €480m target range


Third-quarter 2017 business activity was strong in the vast majority of the Group’s markets. Revenue totaled €504 million, up 6.4% at constant scope of consolidation and exchange rates, and up 7.2% as reported.


Commenting on the announcement, Sébastien Bazin, Chairman and Chief Executive Officer, said:

“AccorHotels delivered another robust performance in the third quarter. The positive operating trends observed in our key markets in the first half were confirmed, and early signs of a recovery emerged in Latin America. The Group continued its rapid development. In the course of the quarter, our hotel base crossed the symbolic mark of 600,000 rooms and our pipeline reached a record level, reflecting the increasingly strong attractiveness of our brand portfolio, which now includes Orient Express and Nextdoor, and will soon extend to Mantra, BreakFree and Peppers. This favorable trend is expected to continue until the end of the year, allowing us to reach the upper end of the target EBIT range announced in July.”


Highlights of the period

  • Sustained growth in all of the Group’s markets
  • Opening of 73 hotels and more than 11,000 rooms
  • More than 600,000 rooms opened and a record pipeline of 178,000 rooms
  • Signing of agreements for the acquisition of Gekko and Mantra Group
  • Partnership with SNCF for the development of Orient Express
  • Partnership with Bouygues Immobilier for the development of Nextdoor

Attached further details in the full press release


ABOUT ACCORHOTELS

AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,200 hotels, resorts and residences, as well as in over 10,000 of the finest private homes around the globe. Benefiting from dual expertise as an investor and operator, AccorHotels operates in 95 countries. Its portfolio comprises internationally acclaimed luxury brands including Raffles, Sofitel Legend, Fairmont, SO Sofitel, Sofitel, onefinestay, MGallery by Sofitel, Pullman, Swissôtel and 25hours Hotels; as well as the popular midscale brands Novotel, Mercure, Mama Shelter and Adagio; the much-prized economy brands including JO&JOE, ibis, ibis Styles, ibis budget and the regional brands Grand Mercure, The Sebel and hotelF1. AccorHotels provides innovative end-to-end services across the entire traveler experience, notably through the acquisition of John Paul, world leader in concierge services.

With an unmatched collection of brands and rich history spanning close to five decades, AccorHotels, along with its global team of more than 250,000 dedicated women and men, has a purposeful and heartfelt mission: to make every guest Feel Welcome. Guests enjoy access to one of the world’s most rewarding hotel loyalty programs - Le Club AccorHotels

AccorHotels is active in its local communities and committed to sustainable development and solidarity through PLANET 21, a comprehensive program that brings together employees, guests and partners to drive sustainable growth.

Accor SA is publicly listed with shares trading on the Euronext Paris exchange (ISIN code: FR0000120404) and the OTC marketplace (Code: ACRFY) in the United States. 

For more information and reservations visit accorhotels.group or accorhotels.com

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Press contacts

Carina Alfonso Martin

VP Media Relations Worldwide

+33 (0)1 45 38 84 84

Carina.alfonsomartin@accor.com


Delphine Dumonceau

Corporate Media Relations Senior Manager

+33 (0)1 45 38 84

delphine.dumonceau@accor.com



Investor and Analyst Relations

Sébastien Valentin

Senior Vice President, Investor Relations

 +33 (0)1 45 38 86 25

sebastien.valentin@accor.com