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World Cup boost for Accor
Thursday, 17 Oct, 2007
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PARIS – The Rugby World Cup has provided a significant boost for French hotel group Accor, adding 3.7 points to the growth rate for the company’s third-quarter revenues.
The early stages of the World Cup generated an estimated EUR10.4 million in incremental revenue in September, with around EUR5 million more expected in October.
Overall, Accor’s consolidated revenue for the first nine months of 2007 totaled EUR6, 119 million, an increase of 8.5 per cent over the same period of 2006.
At constant scope of consolidation and exchange rates, the like-for-like increase was 6.3 per cent, confirming the favourable trend enjoyed by the services and hotels businesses since the beginning of the year.
Ian Jarrett
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