|
Accor Reports Consolidated Sales
Up 4% in 2001
Hotel RevPAR by Country
Paris, January 29, 2002. - Consolidated sales
rose 4% to € 7,290 million in 2001. Excluding asset disposals and
the currency effect, sales increased by 8.3% during the year.
Reported growth of 4% broke down as follows:
Hotel sales grew by 6.6%, reflecting a 0.8% increase in existing units and a 7.1% gain from business expansion. Services: up 14% Services continued to enjoy strong growth, as sales rose 14% despite the negative currency effect (mainly the Brazilian real). On a comparable basis, sales were up 18.4%. Other activities: down 5.1% (up 3.1% on a comparable basis) Travel agencies - 5.9% (- 6.6% on a comparable basis) Casinos + 24.6% (+ 9.8% on a comparable basis) Restaurants - 13.1% (+ 7.5% on a comparable basis) Onboard train services - 16.4% (+ 6.7% on a comparable basis) Fourth quarter 2001 In the aftermath of September 11, the fourth quarter figures were in line with Accor�s expectations. The economy hotel segment held up very well in Europe, with comparable sales rising 3.9%, while in the US, economy hotel sales dropped by 7.1% still outperforming its competitive set. Mid- and upscale hotels lost 4% overall from the year-earlier period. The negative impact was more noticeable for Sofitel in the US, as the European business was supported by results from Novotel and Mercure and firm demand in the French and the UK provinces. Services turned in a remarkable performance in the fourth quarter, with revenues up 18.9% in Europe and 18.3% in Latin America. 2001 earnings outlook In light of the reported data at December 31, 2001,
Accor confirms its September 18 forecast that 2001 profit before tax and
earnings per share will be close to those realized in 2000.
|
Accor 2001
Consolidated Sales Up 4%
To € 7,290 million
(in € millions) |
2000
|
2001
|
|
Hotels |
4,738
|
5,052
|
+ 6.6%
|
Services |
437
|
498
|
+ 14.0%
|
Other activities |
1,832
|
1,740
|
- 5.1%
|
Total |
7,007
|
7,290
|
+ 4.0%
|
Consolidated Sales |
|
|
|
|||||||||
(in € million) |
2000
|
2001
|
Variation
01/00 published |
Variation
01/00 Like-for-Like |
2000
|
2001
|
Variation
01/00 published |
Variation
01/00 Like-for-Like |
2000
|
2001
|
Variation
01/00 published |
Variation
01/00 Like-for-Like |
Hotels |
983
|
1,122
|
+14.1%
|
+5.5%
|
1,246
|
1,361
|
+9.2%
|
+1.8%
|
1,288
|
1,349
|
+4.7%
|
0.0%
|
Business and leisure |
529
|
611
|
+15.6%
|
+6.6%
|
669
|
729
|
+8.9%
|
+2.4%
|
650
|
683
|
+5.0%
|
0.0%
|
Economy |
194
|
221
|
+14.2%
|
+6.5%
|
241
|
266
|
+10.4%
|
+2.7%
|
253
|
281
|
+11.0%
|
+5.9%
|
Economy U.S. |
260
|
289
|
+11.0%
|
+2.4%
|
336
|
366
|
+8.9%
|
-0.1%
|
385
|
385
|
-0.1%
|
-3.8%
|
Services |
98
|
116
|
+18.7%
|
+17.4%
|
108
|
126
|
+16.3%
|
+18.4%
|
105
|
123
|
+17.7%
|
+21.8%
|
Other activities |
415
|
415
|
0.0%
|
+6.5%
|
466
|
462
|
-1.0%
|
+8.0%
|
448
|
425
|
-5.1%
|
+1.8%
|
Travel management |
120
|
124
|
+3.1%
|
+0.7%
|
138
|
142
|
+2.5%
|
-0.2%
|
132
|
115
|
-13.3%
|
-13.0%
|
Casinos |
55
|
71
|
+28.8%
|
+11.1%
|
57
|
75
|
+30.3%
|
+13.5%
|
60
|
76
|
+27.1%
|
+11.4%
|
Restauration |
126
|
115
|
-8.9%
|
+8.1%
|
135
|
123
|
-8.7%
|
+14.7%
|
126
|
108
|
-14.5%
|
+7.2%
|
On-board train services |
74
|
63
|
-15.5%
|
+8.1%
|
87
|
70
|
-18.7%
|
+7.3%
|
80
|
75
|
-5.2%
|
+8.3%
|
Other |
40
|
43
|
+8.2%
|
+9.4%
|
49
|
51
|
+5.2%
|
+7.3%
|
50
|
51
|
+1.7%
|
+5.4%
|
TOTAL |
1,496
|
1,652
|
+10.5%
|
+6.5%
|
1,820
|
1,948
|
+7.0%
|
+4.4%
|
1,841
|
1,897
|
+3.0%
|
+1.7%
|
Consolidated Sales |
|
|
||||||
(in € million) |
2000
|
2001
|
Variation
01/00 published |
Variation
01/00 Like-for-Like |
2000
|
2001
|
Variation
01/00 published |
Variation
01/00 Like-for-Like |
Hotels |
1,220
|
1,221
|
+0.1%
|
-3.3%
|
4,738
|
5,052
|
+6.6%
|
+0.8%
|
Business and leisure |
679
|
680
|
+0.2%
|
-4.0%
|
2,528
|
2,704
|
+7.0%
|
+1.0%
|
Economy |
231
|
255
|
+10.2%
|
+3.9%
|
918
|
1,022
|
+11.3%
|
+4.7%
|
Economy U.S. |
311
|
286
|
-7.9%
|
-7.1%
|
1,292
|
1,326
|
+2.6%
|
-2.4%
|
Services |
127
|
134
|
+5.4%
|
+16.2%
|
437
|
498
|
+14.0%
|
+18.4%
|
Other activities |
503
|
438
|
-13.0%
|
-2.9%
|
1,832
|
1,740
|
-5.1%
|
+3.2%
|
Travel management |
140
|
120
|
-14.8%
|
-13.0%
|
531
|
499
|
-5.9%
|
-6.6%
|
Casinos |
70
|
81
|
+14.5%
|
+4.3%
|
243
|
302
|
+24.6%
|
+9.8%
|
Restauration |
156
|
126
|
-19.3%
|
+1.1%
|
543
|
472
|
-13.1%
|
+7.5%
|
On-board train services |
91
|
69
|
-24.6%
|
+3.6%
|
332
|
277
|
-16.4%
|
+6.7%
|
Other |
46
|
43
|
-5.0%
|
-9.0%
|
184
|
189
|
+2.4%
|
+3.2%
|
TOTAL |
1,851
|
1,793
|
-3.1%
|
-1.8%
|
7,007
|
7,290
|
+4.0%
|
+2.5%
|
Hotel
RevPAR by country
December 2001, YTD |
of Rooms* |
|
|
|
|
(in local currency) |
(in %)
|
(var. in pts)
|
(var. in %)
|
(var. in %)
|
|
France |
81,859
|
72.0%
|
- 1.0
|
+ 4.9%
|
+ 3.5%
|
Germany |
28,428
|
65.8%
|
- 2.0
|
+ 2.6%
|
(1) - 0.5%
|
U.K. |
8,009
|
73.1%
|
+ 1.2
|
- 1.8%
|
(2) - 0.2%
|
The Netherlands |
5,173
|
75.4%
|
- 2.2
|
+ 3.0%
|
+ 0.1%
|
Belgium |
5,067
|
69.7%
|
- 1.4
|
+ 2.7%
|
+ 0.6%
|
Italy |
3,174
|
66.9%
|
+ 0.7
|
+ 5.5%
|
+ 6.6%
|
Hungary |
3,169
|
60.5%
|
- 4.5
|
- 2.5%
|
- 9.3%
|
U.S.A. (Business and Leisure) |
3,110
|
62.0%
|
- 6.0
|
- 6.2%
|
- 14.5%
|
* subsidiaries and managed
|
Contact
Jacques Charbit
Tel. + 33 (0)1 45 38 87 53
accor.com