Tag Archives: reports
Accor Reports Q3 2024 Results
Lifestyle Accor reported Q3 2024 results. While RevPAR growth is normalizing, the group continues to benefit from its diversification in terms of geography and segment. The group’s two divisions—Premium, Midscale, and Economy (PM&E) and Luxury & Lifestyle (L&L)—both posted good performances. During the third quarter of 2024, Accor opened 47 hotels, representing 8,000 rooms, i.e. net unit growth of 3.2 percent over the last 12 months. At the end of September 2024, the group had a hotel portfolio of 838,826 rooms (5,638 hotels) and a pipeline of 231,000 rooms (1,380 hotels).Highlights include:Revenue up 12 percent to €1,434 millionRevPAR up 5.3 percent versus Q3 2023Pipeline up 6 percent versus end of June 2024Confirmed RevPAR growth guidance for 2024EBITDA now expected between €1,100 million and €1,125 million in 2024Sébastien Bazin, Chairman and CEO of Accor, said, “Once...
Nasa astronaut reports ‘strange noise’ from Boeing Starliner spacecraft
NASA Space Technology We use cookies and data toDeliver and maintain Google servicesTrack outages and protect against spam, fraud, and abuseMeasure audience engagement and site statistics to understand how our services are used and enhance the quality of those servicesIf you choose to “Accept all,” we will also use cookies and data toDevelop and improve new servicesDeliver and measure the effectiveness of adsShow personalized content, depending on your settingsShow personalized ads, depending on your settingsIf you choose to “Reject all,” we will not use cookies for these additional purposes.Non-personalized content is influenced by things like the content you’re currently viewing, activity in your active Search session, and your location. Non-personalized ads are influenced by the content you’re currently viewing and your general location. Personalized content and ads can also include more relevant results, recommendations, and...
Bam Construction reports £31.4m loss
Top Stories Tamfitronics Bam Construction has reported a £31.4m pre-tax loss after struggling with high inflation and supply chain insolvency.The contractor lost money on revenue of £897.6m in the year to 31 December 2023 – representing a small reduction from the £900.9m it turned over in 2022, according to newly published financial accounts.“Profitability has been impacted by high inflation conditions within the UK and impact of unprecedented levels of supply chain liquidations,” said Bam Construction executive director Kim Sides in a strategic report.Bam’s revenue increased throughout 2023 as projects that were paused during the Covid-19 pandemic were finally built out. But the firm’s forward-order book stood at just £606m at year end, 38 per cent lower than the £971.6m total it posted a year earlier.“Work in hand has reduced in the year as Bam...
Reports suggesting internet being throttled by govt ‘completely false’: IT minister
Technology tamfitronics In the wake of countrywide internet disruptions and speculation over firewall installations, State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Sunday termed reports suggesting that the government was throttling the internet as “completely false”.On Thursday, Khawaja said that the government had ordered the Pakistan Telecommunication Authority (PTA) and other relevant bodies to submit a report after citizens in various cities of Pakistan noted they were facing internet connectivity issues.She also confirmed that the government was indeed upgrading its ‘web management system’ to cope with cyber security threats.Her statement came a day after the business community and internet service providers alleged that the government’s heightened efforts to monitor internet traffic — including a so-called ‘firewall’ — had resulted in a significant nationwide slowdown of services, leading to losses to the economy.The...
