Accor confident over Q4, keeps goals
PARIS Oct 17 (Reuters) - Accor, Europe's largest hotel group by sales, said revenue growth accelerated in the third quarter as demand for hotel rooms in the European economy segment showed further signs of recovery.
The French company, with nearly 3,500 hotels ranging from the luxury Sofitel to the budget Ibis chain, said fourth-quarter business trends would be similar to the third quarter and kept its full-year outlook.
Revenue reached 1.44 billion euros, a like-for-like rise of 3.8 percent against 3.3 percent in the second quarter.
Accor said it was still expecting 2013 operating profit of 510 to 530 million euros against the 526 million made in 2012.
Accor, which will hold an investor day on Nov. 27, gave no clues about the strategy of new Chief Executive Sebastien Bazin, who was appointed in August.
(Reporting by Dominique Vidalon; editing by Geert De Clercq)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls