Accor SA reported sales results for the fourth quarter and full year ended December 2012. For the quarter, the company achieved sales of EUR 1.447 billion with a 2.5% like-for-like revenue growth. Expansion had a positive impact of 5.1%. Expansion had a positive impact of 5.1%. The company added 11,700 rooms to system to the quarter, 9,000 of which were on the franchise and management contract including the Posadas hotels in Latin America as the deal was closed on October 1, 2012. Disposals had an impact of minus 3.8%. Currency effects were positive by EUR 16 million. All in all, the 2.5% like-for-like revenue growth translates into a 5% reported change.

For the full year, the company achieved a sale of EUR 5.6 billion. Expansion had a positive impact of 2.8% and the company added 38,000 rooms to system through the year of which 28% through franchise agreements and another 57% for management contracts. Disposal impacted revenue by 5.1% of throughout the year [ph] with asset management policing bearing growth [ph] according to plans. Currency effect, were positive by 1.1% throughout the year [ph] primarily on the Australian dollar and the sterling. So in the end, the 2.7% like-for-like revenue growth translated into 1.5% reported change.