AccorHotels reported positive overall growth in average daily rate, occupancy and revenue during the first-quarter.
Accor’s consolidated revenue grew 0.6 percent year over year, 9.5 percent on a like-for-like basis, to 633 million euros. On a like-for-like basis, systemwide ADR increased 2.2 percent to 86 euros and occupancy rose 2 percentage points to 64.5 percent.
In Europe, revenue per available room increased 4.6 percent a like-for-like basis to 50 euros. Hotels in the U.K. were negatively impacted by bad weather and the early Easter holiday in March. Meanwhile, France enjoyed a year-over-year gain in international travel, particularly from Japan, the U.K. and the U.S., which drove a 5.2 percent increase in RevPAR. The North America, Central America and the Caribbean region saw an 8.4 percent increase and the South America region a 13.9 percent increase. The Asia/Pacific region posted a 5.3 percent RevPAR gain, led by strong performance in China, while the Middle East and Africa saw a 0.9 decline.
Accor’s acquisition of Mantra Group has cleared regulatory hurdles and is expected to close during the second quarter as long as Mantra’s shareholders OK the deal at a May 18 meeting. Accor this month acquired a 50 percent stake in Mantis Group, a South African operator of five-star properties and lodges, and fully acquired restaurant reservation and table management platform ResDiary. AccorHotels chairman and CEO Sebastien Bazin said the Mantis partnership will diversify Accor’s offerings to guests in the luxury nature niche, while the ResDiary purchase will contribute to Accor’s overall F&B ecosystem.
As of March 31, the company’s portfolio consisted of 619,000 rooms across 4,304 hotels. Its pipeline constituted 153,000 rooms, or 870 hotels. For the first time ever, Asia/Pacific constitutes more than 50 percent of Accor’s pipeline, with 76,000 rooms.
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