(Reuters) – Accor reported Thursday of an income by available room (RevPar) annual above expectations, the group citing an online “record” year with its objectives despite a lower activity in France and China on The end of 2024.

Accor records a revpar, a key indicator of the performance of the hotel industry, up 5.7% over the year, while analysts tabbed on average on an increase of 5.2% according to a consensus provided by the band.

The Ibis, Novotel and Sofitel channel operator also records a gross current operating surplus (current EBE) up 12% to 1.12 billion euros, slightly above the expectations of analysts who were tabling on 1.119 billion euros.

In Northern Europe Africa, Accor reports a revpar up 2% in the fourth quarter of its exercise, despite a “slightly negative” variation of the revpar in France, representing 42% of the turnover accommodation of the hotels of the region.

Citing an unfavorable comparison base with the Rugby World Cup in France in October 2023, Accor indicates that the variation became positive again in France in December 2024, in particular thanks to American demand, the reopening of Notre-Dame de Paris and L ‘Olympic Post-Unjeux effect.

In China, the variation of the revpar also remained negative compared to the fourth quarter of 2023, despite a situation that improved according to the group.

Questioned by Reuters on the subject at a press conference, Accor’s financial director, Martine Gerow, estimated that the year 2025 “will be better than 2024” in China with “stability of activity”.

“It’s a little more difficult to decide over the years beyond 2025,” she said.

On the Paris Stock Exchange, the Accor title fell 1.33% to 48.76 euros around 9:20 GMT.

The hotel group has confirmed its medium -term prospects such as communicated in 2023, including annual growth of the RevPar between 3% and 4%.

Accor will start this year the assignment process of Accurinvest, of which it holds 30% of the shares.

This process, “lasting approximately 18 months”, should be “concluded during the year 2026,” said Martine Gerow at the press conference.

The group also announced propose the renewal of the mandate of the general manager Sébastien Bazin, for three years, at the next annual Accor general meeting.

“We expect reluctance concerning the renewal of the CEO,” observe JPMorgan analysts in a note, stressing that Sébastien Bazin will have headed the group at the end of his current mandate ending in 2026.

(Written by Etienne Breban, edited by Blandine Hénault)

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