Accor Hotels has announced its first-half of 2016 results with like-for-like revenue up by 2.0% to £2,198m EBIT down 4.0% (LFL) to £202m. The group share of the net profit stood at £62m.
The global company's full-year 2016 EBIT target stands at between £566m and £609m.
For the period, there was robust growth in all of the group's key markets, except France and Brazil. It saw record development, with the opening of 19,366 rooms, 90% of which under franchise or management contracts.
Germany and the UK were the main drivers in Northern, Central and Eastern Europe, delivering revenue growth of 4.3% and 4.4% respectively.
HotelInvest experienced a considerably improved performance, driven by restructuring.
HotelServices saw a stable operating performance in the first half, before the impact of commitments relating to the digital plan, the deployment of onefinestay and the Accor Hotels marketplace.
Sebastien Bazin, Chairman and CEO, said, 'With several of our key markets, including France and Brazil, shaken by crises and violent events, the Group showed remarkable resilience in the first half of 2016. We continued to invest heavily in order to grow, transform and gain a foothold in new businesses that are destined to become fundamental for the Group.
'We will pursue this offensive strategy in the coming months. Our presence in 95 countries, our leadership positions in Europe, Asia-Pacific, Latin America, Africa and the Middle East, and our strength as the world's leading hotel operator covering all segments from economy to luxury give us a major competitive edge.
'Combined with the launch of a project to turn our property division into a subsidiary and a strategy that gives priority to customer-focused innovation, these strengths will be the drivers of our future growth.'