2013 Registration document and annual financial report - page 23

Registration Document 2013
21
Corporate Presentation
1
Strategic Vision and Outlook
3. Aligned financial communication
Beginning in 2014, Accor will disclose its financial indicators
separately for the HotelServices and HotelInvest businesses, in
line with its new strategy, its organization and its internal reporting
guidelines.This will concern the quarterly revenue announcements,
starting with the first-quarter figures in April, as well as the interim
and annual earnings announcements, which will include separate
balance sheet and cash flow aggregates.
4. Maintaining the fast pace
of development
In 2013, Accor opened 170 hotels or 22,637 rooms, of which 54% in
the economy and budget segments, 28% in the midscale segment
and 18% in the luxury and upscale segment, with the ibis, ibis Styles
and Mercure brands experiencing the fastest growth. Franchise
agreements accounted for 34% of this development, management
contracts for 52%, leased hotels for 11% and owned hotels for 3%.
Several openings planned for 2013 have been postponed until
2014 or 2015. Together, they represent around 11,000 rooms,
located mainly in Asia. Accor has decided that it will no longer
communicate annual development targets, since it has no control
over the opening schedules for hotels developed or held by third
parties. From now on, targets in the area of hotel development will
focus on the number of rooms added to the pipeline.
Development contracts were signed for 242 hotels in 2013, for a
total of 35,746 rooms, of which 88% under management contracts
or franchise agreements and 71% outside Europe. At end-2013,
the pipeline totaled 732 hotels or 136,361 rooms.
732 hotels (136,361 rooms) in the pipeline
Pipeline at year-end 2013 by region and operating structure, as a % of total rooms
20%
Europe
80% of the pipeline in emerging markets
49%
Asia Pacifica
23%
Latin America and Caribbean
8%
Africa Middle East
Owned or leased
Management
Franchise
15%
71%
14%
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