Accor Hotels has reported that first-quarter 2016 demand was strong in the majority of the group's markets with revenue totaling €1,161m (£905m), up 1.9%at constant scope of consolidation and exchange rates (LFL), and down 5.2%as reported.
In the UK, business trends were mixed, with RevPAR down 3%in London and sustained growth in other regions (RevPAR +5%). Like-for-like revenue for HotelInvest and HotelServices climbed 3.2%and 18.5% respectively, with the latter greatly benefiting from rapid development in 2015. The increases were driven by high, stable demand, with a 71.1% occupancy rate in the quarter, facilitating the optimisation of average prices (+1.3%) and RevPAR (+0.7%) .
Sebastien Bazin, Chairman and CEO, said, “Overall, we got off to a good start in a majority of our regions in 2016. The group is carrying out more value-creating initiatives and is moving ahead with its transformation project.
'The recent acquisition of onefinestay, the accelerated recruitment of independent hoteliers for our AccorHotels platform and the announced acquisition of FRHI demonstrate our agility and our determination. These strength sgive us the means to consolidate our position as the world's leading hotel operator and to once again achieve record performances in 2016.”