Registration Document 2013
Consolidated Financial Statements And Notes
38 SEGMENT INFORMATION
A. Chief operating decision maker
Accor’s chief operating decision maker is Executive management,
assisted by the Executive Committee. Executive management
assesses the results and performance of each operating segment
and makes resource allocation decisions.
B. Operating segments
Considering the way in which:
the internal reporting system is organized (by country in Europe,
by region in the rest of the world,
Asia-Pacific, Latin America
& Caribbean, North America, and Africa Middle East);
the chief operating decision-maker analyzes the Group’s
performance and results (by country in Europe, by region in the
rest of the world,
Asia-Pacific, Latin America & Caribbean,
North America, and Africa Middle East);
the Group is organized and managed (by country in Europe, by
region in the rest of the world,
Asia-Pacific, Latin America
& Caribbean, North America, and Africa Middle East),
Based on the principles set out in IFRS 8, the Group’s operating
segments consist of geographical areas that can be broadly defined as:
countries in Europe, and
regions in the rest of the world.
Under IFRS 8, two or more operating segments may be aggregated
into a single operating segment if they exhibit similar economic
characteristics and are similar in respect of the nature of their
products and services and the type or class of customer they
have for their products and services, but also in respect of the
methods used to distribute their products or provide their services.
Therefore, following an analysis of each of its operating segments,
the Group has aggregated all of the European countries except
for France in the “Rest of Europe” segment. France, where the
entity’s headquarters are located, is treated as a separate segment.
The other operating segments correspond to the following regions:
Asia-Pacific, corresponding to the Asia Oceania region;
Latin America & Caribbean, corresponding to the Latin America
& Caribbean region;
Other Countries, corresponding to the North America region and
the Africa Middle East region.
To improve the quality of its disclosures, the Group has decided to
continue publishing segment information for the following three
Upscale and Midscale hotels, comprising the Sofitel, Pullman,
MGallery, Novotel, Suite Novotel, Mercure and Adagio brands.
Economy hotels, comprising the ibis, ibis Styles, ibis
Adagio Access, Formule 1 and HotelF1 brands.
Economy hotels in the United States, comprising the Motel 6
and Studio 6 brands. During 2012, the business was being sold
and was therefore no longer included in the Group’s segment
reporting (see note 2.A.1.1).
Other businesses, which are not material compared with the hotel
business, include the Group’s corporate departments and the casinos
business. These are presented as part of the ‘Other’ segment.
C. Segment information
For each of the segments presented, management monitors the
No statement of financial position information by segment is
reported to the chief operating decision maker.
The above indicators are presented by operating segment in the
note 3 for revenue;
note 5 for EBITDAR;
note 6 for rents;
note 7 for EBITDA;
note 9 for EBIT.
Note that the Group’s revenue is derived from a very large number
of transactions, of which less than 10% involve a single external
For information, revenue in Germany amounted to €817 million at
December 31, 2013 and to €840 million at December 31, 2012.