Accor 1Q Revenue Rises 5.8% To EUR1.35 Billion

French hotels group Accor SA (AC.FR) Wednesday said first quarter revenue rose 5.8% to EUR1.35 billion as business picked up in the group's range of hotels in Western Europe.

MAIN FACTS:

- Despite uncertainty from geopolitical events in Japan, Africa and the Middle East as well as the macro-economic environment, the company is "confident that the hotel cycle will continue to recover" this year.

- Sales in France rose 6.8% on a like-for-like basis in the company's upscale and mid-range hotels and 5.5% on a like-for-like basis in budget hotels as occupancy rates increased.

- In the U.S., where the company runs the budget chain Motel 6, sales rose 4.1% on a like-for-like basis to EUR121 million as occupancy rates improved and average prices rose for the first time since the second quarter 2008.

-In Germany, revenue grew 6.4% like-for-like in upscale and midscale hotels and 7.2% like-for-like in budget hotels.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1773; mimosa.spencer@dowjones.com

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