Q1 2019 Accor SA Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Accor Q1 Revenue Conference Call. I now hand over to Mr. Jean-Jacques Morin, Deputy CEO. Sir, please go ahead.
Good afternoon, ladies and gentlemen. Good morning. Thank you for being with us for this Q1 2019 revenue call. So let's start the presentation, if you will, on Page 3.
So before we go and deep dive in the numbers, we'd like to give you some highlights of the Q1 2019. Accor posted a solid revenue growth at 8.8% on a like-for-like basis, demonstrated across all segments. As for Hotel (inaudible) -- as for HotelServices, sorry, which is our core business, revenue growth was 7.3%, fueled by an organic system growth of 5.6% for the last 12 months and a RevPAR of 1.6%. This demonstrates the resilience of our business model. We expect an improvement of the momentum across the year and confirm the 3% RevPAR growth full year target that was mentioned last February.
As for the second highlight, I'd like to talk about organic development. Organic
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