Hospitality group Accor reveals H1 performance review

Hospitality group Accor reveals H1 performance review
According to data released, revenue was up by 4.8%
Published: 4 August 2019 - 12:30 p.m.
By: Priyanka Praveen
Hospitality giant Accor Hotels has revealed its H1 2019 performance.

According to data released, revenue was up by 4.8% to 27.8% (when compared to the same period last year). Consolidated RevPAR rose by 2.9% overall in first-half 2019.

The Middle East & Africa region recorded an increase in management and franchise revenue of 4.6% despite moderate growth in RevPAR of 1.0%, a statement by the group revealed.

According to officials, a solid performance by hotels in Makkah during Ramadan in May brought in additional incentive fees during the period.

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