Increase in earnings* driven by strong business and dynamic development
- Revenue up 33.5% to €922 million (+8.3% LFL)
- EBIT up 68.0% to €226 million (+33.9% LFL)
- 23,000 rooms opened during the first half (115 hotels)
Full-year 2017 EBIT target between €460 million and €480 million
Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said:
" AccorHotels' results for first-half 2017 are particularly solid. They reflect growth in our hotel business, the rapid integration of recently acquired brands, our persistently dynamic development and the ramp-up of our new businesses.
In this way, we are increasing our market share and consolidating our global leadership while profoundly transforming our business model. The separation of AccorInvest into a stand-alone legal entity has been completed. Discussions about the opening of this business to outside investors are ongoing. Our pursuit of this growth strategy enables us to aim for another year of record growth in 2017".
* AccorHotels results excl. AccorInvest (IFRS 5)
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