Q4 revenues rose by 8.6% lfl, to €512m (reported +5.5%), with RevPAR growing 6.2% (+4.7% for the year). The 2017 EBIT was at €492m, broadly in line with expectations. The annual net profit came in at €441m (+66%). AccorHotels opened 301 hotels (51,400 rooms) in 2017 and has 161,000 rooms in its pipeline (vs. 178k rooms in Q3 17). 2018 should be a new record year for organic room openings.
21 Feb 2018
Upbeat outlook but AccorInvest deal is still unfinished
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Upbeat outlook but AccorInvest deal is still unfinished
Q4 revenues rose by 8.6% lfl, to €512m (reported +5.5%), with RevPAR growing 6.2% (+4.7% for the year). The 2017 EBIT was at €492m, broadly in line with expectations. The annual net profit came in at €441m (+66%). AccorHotels opened 301 hotels (51,400 rooms) in 2017 and has 161,000 rooms in its pipeline (vs. 178k rooms in Q3 17). 2018 should be a new record year for organic room openings.