AccorHotels achieved a “solid” first half result with revenue and earnings up.
Net profit rose by €3 million to €77 million following a series of acquisitions in the accommodation-sharing and digital sectors while revenue grew by 8.3% year-on-year to €922 million.
The French hotel giant claimed that the acquisition if Availpro, following on from Fastbooking in 2015, had created the European leader in digital services for independent hotels.
The purchase of TravelKeys consolidated the group’s position as a global leader in the luxury serviced home rental market, including Onefinestay.
Chairman and chief executive Sébastien Bazin 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.”
He added: “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.”
A total of 115 hotels representing 23,000 rooms were opened in the fist six months of the year.
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