Accor's second-quarter and first-half 2019 earnings show the company is on track with its guidance for the year. Companywide revenue per available room increased 4 percent year over year for the quarter and 2.9 percent for the half year. The company projects RevPAR will increase 3 percent year over year for the full year.
All the company's regions have performed well this year, save for Asia/Pacific, due in part to a slowdown in China's GDP growth and instability surrounding the trade war with the U.S. Though Asia/Pacific RevPAR grew 0.3 percent year over year for the second quarter, a decline in the first quarter offset that. The region was the only area to register a RevPAR decline for the half, at 0.2 percent. Companywide luxury RevPAR increased 2.5 percent year over year for the half year, midscale rose 2.9 percent and economy grew 3.6 percent.
Companywide occupancy increased 1.1 percentage points for the quarter and 0.7 percentage points for the half; the average daily rate increased 2.4 percent for the quarter and 1.8 percent for the half year. Accor added 18,589 rooms during the first half of the year for a total of 717,314 rooms across 4,892 hotels. Halfway through the year, 202,000 rooms were in the pipeline, of which 78 percent were in emerging markets.
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