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Accor, The World'S Fourth Largest Hotel Group, Suffered A Net Loss Of $81 Million In The First Half Of The Year.

2010/8/26 16:39:00 57

According to foreign media reports, France

Hotel

Accor SA announced on Thursday that it lost a net profit of 64 million euros ($81 million) in the first half of the fiscal year, while in the same period last year, Accor had lost 236 million euros.

Revenue in the first half rose 6% to 2 billion 850 million euros.

Due to the improvement of hotel operation and the effectiveness of cost control measures, the annual interest tax profit of Accor Group rose to 154 million euros from 69 million euros a year earlier.

In the first half of fiscal year, the profits and taxes of Accor Group and EBITDAR before the rent rose to 833 million euros from 709 million euros a year earlier, while the EBITDAR profit margin increased to 29.2% from 26.4% in the same period last year.

In the first half of the fiscal year, the pre tax operating profit of Accor increased to 116 million euros from 32 million euros a year.

Accor

In the first half of fiscal year, the revenue of hotel business increased 5.1% to 2 billion 723 million euros, while the development of European District Hotel business was particularly fast.

In July, the average income of the available rooms in Accor group increased by 14% over the same period last year, while the average revenue per available room in the first half of the year increased by 7.1% over the same period.

Among them, the business in Europe and the United States has performed well.

In July, the average income of available rooms in Europe increased by 5.6% over the same period last year, while the increase in the first half of fiscal year was 3%. The average income of available rooms in the United States increased by 5.2% over the same period in July.

Earnings report shows that the split prepayment is deducted.

Product brand

The net profit of Accor group was 12 million euros in the first half of Edenred.

According to the data released by STR Global, a hotel market data provider, the hotel occupancy rate and price will increase as the global economic situation improves and the number of tourists increases.

Accor Group said that the company's profits will be further improved as the company successfully cut costs and District Hotel operations begin to improve.

Accor expects its pre tax profit margin of 2010 to 370 million euros to 390 million euros, compared with 236 million euros a year ago.

In addition, Accor plans to open more than 200 hotels in 2010, adding 26 thousand different grades of rooms. In the first half of this year, it has opened 93 hotels and added 10 thousand and 900 new rooms.