Q3 2019 Accor SA Corporate Sales Call Transcript
Accor Q3 release conference call. I now hand over to Mr. Jean-Jacques Morin, Deputy CEO. Sir, please go ahead.
Good evening, ladies and gentlemen. Thanks for being with us, Sebastien Valentin and myself, to review our Q3 2019 revenue.
Just as a reminder before we go into any slide, the financials are reported under IFRS 5 since our publication last July, which means that the Orbis asset contribution in Eastern Europe is considered as a discontinued operation.
So let's move to Page 3, which will provide you another view of the achievements of Accor over the quarter. First off, on the left column, the business momentum. The system-wide RevPAR grew by 0.7% over the quarter on the back of 5.9% growth in Q3 2018. The quarter was in line with our expectation, with an exception which was Asia Pacific. Europe showed resilience driven notably by a solid RevPAR in France that we are going to detail. And as far as Asia Pac is concerned, this was essentially an effect coming from the
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