Accor's room revenue growth slightly beats estimates in 2024

Accor SA

20/02/2025 06:30

Feb 20 (Reuters) - Accor  ACCP.PA , Europe's largest
hotel group by portfolio, reported annual room revenue growth
slightly above market expectations on Thursday, driven by higher
prices and occupancy rates across its regions.
    The operator of Sofitel luxury hotels and budget brand Ibis
said its revenue per available room (RevPAR), a key performance
measure for the hotel industry, grew 5.7% in 2024.
    That slightly beat analysts' estimate for 5.2% growth in a
company-compiled consensus.

 (Reporting by Elviira Luoma and Jesus Calero; Editing by
Christopher Cushing)
 ((Elviira.luoma@thomsonreuters.com,
jesus.calero@thomsonreuters.com))