REVENUEAccor’s Q3 revenue increased 13% like-for-like (LFL) to €1,286 million ($1,356.45 million) from Q3 2022. Accounting for 28% of the region’s room revenue, Southeast Asia posted strong growth in RevPAR, particularly in Singapore. Representing 77% of the division’s room revenue, luxury reported a 15% rise in RevPAR from Q3 2022, led by prices and volumes. RevPAR growth is now expected to marginally exceed 20% (earlier at the top end of the 15-20% range). Consolidated EBITDA is expected to range between €955 million ($1.007.31 million) and €985 million ($1,038.96 million), up from the previous €930 million ($980.94 million) and €970 million ($1,023.14 million).


Source:   The North Africa Journal
October 28, 2023 06:53 UTC