Hotel Online   Special Report

Accor Reports Occupancy and RevPAR Growth in
All Segments and All Countries During
1st Quarter 2001
Hotel Operating Data by Country


 
Paris, May 9, 2001
  • First Quarter 2001 Consolidated Sales Up: +10.5% to EUR 1,652 million
Accor consolidated sales amounted to EUR 1,652 million for the first quarter of 2001 as compared to EUR 1,496 million for the first quarter of 2000, up +10,5%. This rise reflects an increase in existing activities of +6.5% and a contribution from business development of +5.9%. Excluding asset disposals (Courtepaille), sales were up +13.3%.

The increase of +10.5% on a published basis breaks down as follows: 

  • growth of existing activities: + 6.5%
  • business development: + 5.9%
  • currency impact: + 0.8%
  • asset disposals: - 2.8%


Hotels : +14.1%

Hotel activities grew by +14.1% to EUR 1,122 million for the first quarter of 2001, reflecting a +5.5% increase at existing units as well as a +7.6% growth from new business development and a +1.6% positive impact of foreign currency fluctuations.

Accor benefits from its European leadership and presence across all market segments. First quarter 2001 consolidated sales rose by +15.7% in business and leisure, by +14.2% in the economy segment and by +11.0% in the US economy segment (+4.1% excluding foreign currency fluctuations).

Services : +18,7%

Revenues from Services rose by +18.7%, reflecting a +17.4% strong increase in existing activites on a like-for-like basis. Activity is thriving in countries where Accor has a long-term presence (France +17.3%, Italy +13.6%, Mexico +14.2%) as well as in new markets such as Romania and Venezuela�

travel management : +3,1%

casinos : +28,8% (+11,1% on a like-for-like basis).

restaurants and catering : -8,9% (+6,1% excluding disposal of Courtepaille).

onboard train services : -15,5% (+8,1% on a like-for-like basis)

 
(in EUR million)
2000
2001
Variation
Hotel
983
1,122
+14.1%
Services
98
116
+18.7%
Other activities
415
414
- 0.2%
Total Group
1,496
1,652
+10.5%

 
 
  Consolidated Sales
First quarter
  (in EUR million)
2000
2001
Variation

2001/2000

published
Variation

2001/2000

Like-for-Like basis
  Hotels
983
1,122
+14.1%
+5.5%
  Business and Leisure
529
611
+15.7%
+6.6%
  Economy 
194
221
+14.2%
+6.5%
  Economy Lodging
260
289
+11.0%
+2.4%
           
  Services 
98
116
+18.7%
+17.4%
           
  Other activities        
  Travel Agencies
120
124
+3.1%
+0.7%
  Casinos
55
71
+28.8%
+11.1%
  Restaurants
126
115
-8.9%
+8.1%
  Onboard Train Services
74
63
-15.5%
+8.1%
  Other 
40
43
+6.3%
+9.2%
           
  TOTAL
1,496
1,652
+10.5%
+6.5%

 
 
Hotel RevPAR by market segment 

2000 First Quarter, YTD
Occupancy Rate
Average Room Rate
RevPAR
 
(in %)
(var. in pts)
(var. in %)
(var. in %)
Business and Leisure Europe
59.9%
+1.2
+6.6%
+8.8%
Economy Europe
69.3%
+1.7
+7.1%
+9.8%
Economy Lodging (in $)
62.1%
+1.2
+1.8%
+3.8%
Hotel RevPAR by country 

2001 First Quarter, YTD
Number
of Rooms*
Occupancy Rate
Average Room Rate
RevPAR
(in local currency)  
(in %)
(var. in pts)
(var. in %)
(var. in %)
France
80,327
66.4%
+1.7
+6.9%
+9.8%
Germany
27,728
62.6%
+0.6
+4.6%
(1) +5.6%
U.K.
7,715
69.1%
+2.7
+3.0%
(2) +7.2%
The Netherlands
5,159
67.5%
+0.9
+5.3%
+6.8%
Belgium
4,791
63.5%
+3.3
+6.2%
+12.0%
Italy
3,062
63.5%
+2.1
+6.0%
+9.5%
Hungary
2,789
41.4%
-1.4
+3.0%
-0.5%
USA (Business and Leisure)
3,654
66.3%
+0.7
+5.3%
+6.3%

* subsidiaries and managed

  1. +6.8% excluding business development
(2) +11.8% excluding business development

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