Accor Q4 Revenues Down - Quick Facts

(RTTNews) - Accor (ACRFY.PK, ACRFF.PK) Thursday reported fourth-quarter revenues of 1.40 billion euros, down 3.1 percent from 1.45 billion euros in the same period last year. On alike-for like basis, revenues were up 3.4 percent over last year.

Revenues from hotels dropped to 1.37 billion euros from 1.40 billion euros last year. On a like-for-like basis, hotels revenues improved 3.6 percent over last year.

Full-year 2013 revenues totaled 5.54 billion euros, down 2.0 percent from 5.65 billion euros last year. On a like-for-like basis, revenues improved 2.7 percent.

Full-year hotel revenues decreased 1.6 percent to 5.41 billion euros from 5.50 billion euros last year.

Revenues from owned and leased hotels improved 1.5 percent, while revenue from management and franchise fees were up 14.7 percent over last year.