| Paris, May 9, 2000 � Accor consolidated sales
rose by 16.2% in the first quarter of 2000 to EUR 1,496 million (FRF 9,812
million), as compared to EUR 1,288 million (FRF 8,446 million) in the first
quarter of 1999. Excluding Europcar car rental activities, sold in late
1999, sales were up 23.5% in the first quarter.
Excluding the impact of foreign currency fluctuations, consolidated
sales (excluding Europcar) would have risen by 20.2%, reflecting sustained
growth of existing activities and new business development.
Hotel activities recorded strong growth:
-
Sales in the first quarter were up 31.5%, reflecting a 6.3% increase at
existing units and 22.2% growth from new business development. In addition,
foreign currency fluctuations had a 4.1% positive impact, primarily reflecting
the higher exchange rate of the US dollar.
-
In Europe, the economic environment remains highly favorable, exceeding
expectations in the French market, in particular. Accor fully benefits
from its leadership and presence across all market segments.
-
In the US, Motel 6 sales rose by 22.0% in euro terms, or 7.0% in US dollar
terms. Red Roof Inns, acquired in July 1999, is meeting its targets while
accelerating its integration within the Accor Group.
Revenues from Services activities rose by 19.1%, breaking down as follows:
-
growth of existing activities : + 5.3%
-
business development : + 3.7%
-
currency impact : + 10.1% (mainly due to the increase
of the Brazilian real)
In Brazil, service revenues rose by 24.4% in reported terms, or by 2.2%
on a constant currency and structural basis.
In complementary activities of travel and tourism:
-
Travel agency sales rose by 23.1%, or 9.5% in constant currency and structural
terms, reflecting traffic growth in all regions.
-
Casino revenues rose by 46.8% in the first quarter, reflecting the integration
of six new units and healthy organic growth (up 10.5% on a like-for-like
basis).
-
Sales of restaurant activities rose by 8.3%, with continued increases at
Lenôtre and Courtepaille.
-
Finally, in onboard train services, sales declined by 4.5% on a reported
basis, but rose by 1.6% on a constant currency and structural basis.
Hotel Statistics by Market Segment
2000 First Quarter
|
Occupancy Rate (in %) |
Occupancy (var. in ppts) |
Average Room Rate (var. in %) |
RevPAR (var. in %) |
| Business and Leisure Europe |
58.6% |
+0.2 |
+4.2% |
+4.5% |
| Economy Europe |
67.4% |
+0.9 |
+5.6% |
+7.1% |
| Economy Lodging (in $) |
60.9% |
+.05 |
+3.0% |
+3.8% |
Hotel Statistics by Country
2000 First Quarter
|
Number
of Rooms* |
Occupancy Rate |
Occupancy Rate (var.in ppts) |
Average Room Rate (var. in %) |
RevPar (var. in %) |
| France |
78,596 |
64.5% |
+1.4 |
+6.2% |
+8.5% |
| Germany |
26,479 |
62.1% |
-0.3 |
+0.6% |
0.0% |
| U.K. |
5,732 |
-0.3% |
-6.6 |
-2.0% |
-7.0% |
| The Netherlands |
4,898 |
66.7% |
-2.6 |
+13.4% |
+9.2% |
| Belgium |
4,790 |
60.2% |
+0.1 |
+4.3% |
+4.5% |
| Italy |
3,031 |
61.5% |
+2.5 |
+9.2% |
+13.9% |
| Hungary |
2,473 |
42.9% |
-0.3 |
+7.2% |
+6.3% |
| USA (Business and Leisure) |
3,152 |
66.4% |
-3.6 |
+3.1% |
-2.2% |
* subsidiaries and management contracts
Accor, whose 125,000 associates are active in 140 countries around the
world, is the European leader and worldwide group present in travel, tourism
and services with two principal international businesses. |
