Accor posts good Q1 sales results

April 22- French hospitality group Accor reported better than expected first quarter sales of €1.66 billion (Dh8.19bn) because business conditions at its midscale and upscale brands improved. Accor, the fourth largest hotel group in the world, said the trend in April was “rather positive.”  Occupancy rates at Accor’s midscale and upscale hotels increased and stabilized at its budget hotels in Europe. 

The increase in like-for-like revenue in the first quarter was .6 percent, a significant improvement from a 7.1 percent drop in Q409.  Regarding the impact of the volcanic ash disruptions, Accor Chief Executive Gilles Pelisson said “the signals until the [last] weekend were positive” since many stranded passengers were in need of hotel rooms, although, he added, the situation will cause problems if it lasts much longer.

More Hotels
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Hilton’s ‘bleisure’ travel option – a new way to work and play
Family friendly hotels most popular for long weekends
Latest Travel News
Emirates to launch services to Santiago ...
First floating drive-through debuts in D...
Qatar Airways launches direct flights to...
Featured Sights To See
Madinah Dates Company/Dates Market

Madinah Dates Company/Dates Market

Madinah, Saudi Arabia

The Madinah Dates Company and the Dates Market offer varieties of dates from chocolate flavored and almond filled to the traditional khajji. These dates are a major attraction for foreign nationals since dates of Madinah are famous worldwide for their supreme taste and quality. The Dates Company has an on-premise factory and offers more expensive dates than the ones offered by the Dates Market. ...

Auckland War Memorial Museum

Auckland War Memorial Museum

Auckland, New Zealand

Address:  Auckland War Memorial Museum, Domain Drive, Parnell. Tel: +64 9 309 0443 Timings: 10AM-5PM Auckland War Memorial Museum is more than just a war museum. As the oldest museum in New Zealand, the Auckland War Memorial Museum houses collections significant to New Zealand's natural and military history.              ...

St George Maronite Cathedral

St George Maronite Cathedral

Beirut, Lebanon

St. George Cathedral serves Lebanon’s Maronite Christian community.  The church dates back to 12th century crusaders, but the modern iteration was built between 1884 and 1894.  The interior design is inspired by the basilica, a large open hall dating to Roman times, specifically the Basilica di Santa Maria Maggiore in Rome.  The façade is neoclassical, designed by Italian architect Giuseppe Maggio...

Ancient Kition

Ancient Kition

Larnaca, Cyprus

Known to be the source of the city of Larnaca, the site of the Ancient Kition is considered sacred and full of ancient history. The ruins of the city date back almost 3000 years, and is considered by locals to be the birthplace of Zeno the philosopher and also the bishop Lazarus, Larnaca’s patron saint. Visitors can see the ruins and sites of many shrines and ancient temples, the remains of what i...