Accor SA Reports Sales Results for the Fourth Quarter and Full Year Ended December 2012
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.