Hospitality group Accor reveals H1 performance review
Middle East & Africa region recorded an increase in management and franchise revenue
Hospitality giant Accor Hotels has revealed its H1 2019 performance.
According to data released, revenue was up by 4.8% to 27.8% (when compared to the same period last year). Consolidated RevPAR rose by 2.9% overall in first-half 2019.
The Middle East & Africa region recorded an increase in management and franchise revenue of 4.6% despite moderate growth in RevPAR of 1.0%, a statement by the group revealed.
According to officials, a solid performance by hotels in Makkah during Ramadan in May brought in additional incentive fees during the period.