For the first quarter of 2024, the Group reported sales of 1,236 million euros, up 8% at constant scope of consolidation and exchange rates (like-for-like) compared with the first quarter of 2023. RevPAR was up 8% at ccp.

This increase breaks down into a 6% rise for the Premium, Midscale & Economy division and a 12% rise for the Luxury & Lifestyle division.

Premium, Midscale & Economy generated sales of 690 million euros, up 6% at ccp on the first quarter 2023.

Management & Franchise (M&F) posted sales of 192 million euros, up 14% L/L.

Owner Services sales, which include Sales, Marketing, Distribution and Loyalty activities, as well as shared services and reimbursements incurred on behalf of hotels, totaled 252 million euros, down -1% L/L.

The Group reiterates its medium-term outlook. It is targeting annual RevPAR growth of between 3% and 4% (CAGR 2023-27), average annual network growth of between 3% and 5% (CAGR 2023-27), M&F sales growth of between 6% and 10% (CAGR 2023-27) and EBITDA growth of between 9% and 12% (CAGR 2023-27).

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