Hotel giant: strength in Europe, weakness in Brazil, France

Accor’s quarterly sales accelerate but caution voiced for France, Brazil
After releasing buoyant first-quarter sales growth last week, Europe’s biggest hotel group says that demand for rooms remains robust across most regions but that it is cautious on two countries – Brazil and France.
Accor is currently reorganising and faces several problems including a weak economic climate and rising value-added taxes in France, its home market, which generates 30% of group revenue.
The Islamist terrorist attacks in Paris in January have cut demand for budget hotels in the French capital, even as upscale hotels benefit from a decline in the euro. Security measures taken by the French government have hit school and sports trips, leading to a 0.8% fall in revenues at Accor’s F1 budget hotels.
In Brazil, the economy is slowing. Brazil represents 7% of Accor’s revenue and performance there is uncertain in all hotel segments.
Nevertheless, the group’s quarterly revenue rose 5.6% to reach €1.225 billion in the first quarter of 2015, and up 5.1% from Q4 2014. Accor sees very positive trends in Germany, the UK, Spain, Portugal and Australia, and in the mid- and upscale segments in France.
[pictured: Accor’s Sofitel Golfe d’Ajaccio Thalassa Sea & Spa, Corsica]


Check Also

Avia, Toyota, app, service, technology, connected, fleet, cars, hire, rental, business, app

Avis boosts fleet of “connected vehicles”

The car hire giant will add 10,000 Toyota vehicles to its expanding connected fleet.

Ryanair, cancel, list, flights, CAA, warning, legal, law, passengers, rights

New Ryanair fee – only for Israel

Airline angers passengers with sudden charge.

Welcome to Ras Al Khaimah – winter sun and adventure for the whole family

ADVERTORIAL: Ras Al Khaimah, the northern-most emirate of the UAE, offers its visitors a truly authentic Arabian experience; from its golden beaches, lush mangroves and terracotta deserts, to the towering Hajar Mountains bordering Oman.

Wow Air, Iceland, low-cost, LA, California, transatlatic, long-haul, A330

WOW air sees 69% passenger growth

Low-cost upstart’s fleet to grow to 24 aircraft in 2018

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017

Bergen two new routes, Billund one

Air France and Wizz Air announce fresh expansions