Very strong first-half 2011 revenue performance Faster growth in second quarter

Favorable outlook maintained In third-quarter 2016, AccorHotels continued to benefit from positive business trends in the vast majority of the Group's key markets, with growth in

Favorable trends in the vast majority of the Group's markets France continued to be impacted by the terrorist attacks in November 2015, with Paris the worst affected while other

This growth resulted from favorable business activity in most of the Group’s key markets, located mainly in Northern, Central and Eastern Europe NCEE, revenue up 4.8% LFL and in

HotelInvest: First-quarter revenue up 4.8% like-for-like at €1,055 million At end-March 2015, HotelInvest had a portfolio of 1,350 hotels, of which 86% in Europe France, NCEE

HotelInvest: Fourth-quarter revenue up 3.8% like-for-like to €1,214 million At December 31, 2014, the HotelInvest portfolio comprised 1,354 hotels, of which 86% in Europe France,

HotelServices: Third-quarter 2014 revenue up 2.7% like-for-like1 to €325 million HotelServices reported €3.2 billion in business volume in the third quarter of 2014, an increase of

HotelServices revenue: up 6.5% comparable1 to €320 million HotelServices reported €3.2 billion in business volume in the second quarter of 2014, an increase of 6.2% at constant

Revenue up 2.1% like-for-like and down 5.5% as reported At comparable scope of consolidation and exchange rates like-for-like, revenue rose by 2.1% in the first quarter of 2014,