Hotel Online   Special Report

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: 

  • Like-for-like + 2.5%
  • Business expansion + 5.8%
  • Currency effect - 0.7%
  • Asset disposals - 3.5%
Hotels: up 6.6%

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
% change
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
First Quarter
Second Quarter
Third Quarter
(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
Fourth Quarter
December-end 2001 (YTD)
(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 market segment 

December 2001, YTD

Occupancy Rate
Average Room Rate
RevPAR
 
(in %)
(var. in pts)
(var. in %)
(var. in %)
Business and Leisure Europe
65.2%
- 2.0
+ 3.9%
+ 0.9%
Economy Europe
75.2%
- 0.3
+ 6.1%
+ 5.7%
Economy Lodging
66.4%
- 0.3
- 1.4%
- 1.8%

 
Hotel RevPAR by country 

December 2001, YTD

Number 

of Rooms*

Occupancy Rate
Average Room Rate
RevPAR
(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
  1. -0.1% excluding business development
  2. +1.9% excluding business development

  3.  

     

With 145,000 associates in 140 countries, Accor is the European leader and one of the world's largest groups in travel, tourism and corporate services.

Contact

Jacques Charbit
Tel. + 33 (0)1 45 38 87 53
accor.com



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