Accor and Millennium and Copthorne have become the latest hospitality groups to publish results for the year to 31 December 2011, with both seeing profits and revenue increase.

Meanwhile, luxury hotel, tourist train and river cruise operator Orient-Express Hotels and Resorts has seen its total revenue grow for the fourth quarter ending 31 December 2011.

France-based Accor said 2011 had been a year of "record expansion", with nearly 39,000 rooms opened mainly across its franchise and management estate.

Like-for-like revenue at the group, which owns the Sofitel and Thalassa Sea and Spa brands among others, grew by more than 5 per cent to EUR6.1bn (US$8.2bn, £5.2bn).

Meanwhile, UK-based Millennium and Copthorne posted a 43.7 per cent growth in headline pre-tax profits to £184.7m (US$293m, EUR217.6m). Total revenue grew by 4 per cent.

The group said that it had "performed well" during the 12-month period, and revealed that it expects debt levels to increase due to continued investment in its properties.

UK-based Orient-Express Hotels and Resorts said it was encouraged with booking patterns for 2012 after reporting a 10 per cent increase in total revenue for the fourth quarter.

Revenues from owned hotels grew by 9 per cent during the three-month period compared with the last quarter of 2010, while revenue from trains and cruises was up 16 per cent.

Details: www.accor.com
Details: www.millenniumhotels.com
Details: www.orient-expresshotelsltd.com

Image: Accor's Sofitel Cecil Alexandria, Egypt – TheEgyptian