When AccorHotels bought luxury Airbnb rival Onefinestay they promised a tenfold revenue growth over five years, but accounts recently filed at UK Companies House show that the business is still producing substantial losses.

The group’s pre-tax loss loss for the calendar year 2016 was up 65% to £28.8 million, blamed on terrorist attacks in Europe, although turnover grew 7% to £17.2 million. Changes have taken place in the leadership team with a one-off payment of £5.2 million described as “part of a departure package”.

 

 

 

The purchase of Onefinestay was followed by Airbnb buying one slice of Luxury Retreats and AccorHotels buying Travel Keys, but without published accounts it is unknown whether these are loss-making or profitable.

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