The 海角视频 operator of Accor's Novotel, Pullman and Mercure brands returned to profitability in 2023, with a significant profit increase in its Ibis division.
Recently published results for both divisions show a substantial rise in turnover and profit for their latest financial years, as reported by .
The filings with Companies House also reveal that occupancy rates and revenue per room increased over the 12-month period.
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Accor 海角视频 Business & Leisure Hotels, which manages sites under the Novotel, Pullman, Mercure brands, reported a turnover of £282.3m, up from £239.5m.
The company also returned to pre-tax profit, totalling £12m, after reporting a pre-tax loss of £9.1m in the previous 12 months.
Over the year, the average number of employees in the division increased from 1,558 to 1,778.
A dividend of £20m was paid to its parent company, although no dividend was paid by the Ibis arm.
By the end of 2023, the division operated 28 hotels in the 海角视频 with 5,587 bedrooms.
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Its occupancy rate rose from 70.93 per cent to 79.89 per cent in 2023, while the net average room rate also grew from £128.14 to £136.29.
Sales and profits also increased for Accor's Ibis hotel chain.
Accor 海角视频 Economy Hotels reported a turnover of £251.8m for the year, up from £218.2m, while its pre-tax profit jumped from £23m to £36.2m.
The company's turnover from its rooms rose from £195.3m to £224.4m and from £19.1m to £22.7m for food and beverages.
The division saw an increase in its average number of employees from 1,077 to 1,119 over the year.
By the end of 2023, the division had ownership or leases on 61 hotels, boasting a total of 9,400 bedrooms.
In 2023, the occupancy rate rose from 74.15 per cent to 77.37 per cent, while the net average room rate also increased from £76.20 to £84.37.
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The 2023 results follow the parent company's sale of 18 hotels in exchange for three real estate properties of hotels it was already operating in May of this year.
As part of this deal, Accor 海角视频 Economy offloaded eight businesses and transferred the interest of Ibis Heathrow to its subsidiary.
The wider Accor group reported a revenue of €5bn for the same financial year, marking an increase from €4.2bn in 2022.
For the first half of 2024, the wider Accor group recorded revenue of €2.677bn, which is an 11 per cent increase compared to the first half of 2023.
The group's EBITDA (earnings before interest, taxes, depreciation, and amortisation) also totalled €504m, up 13 per cent.