Accor says Q2 sales rise 3.3 pct like-for-like
PARIS, July 17
PARIS, July 17 (Reuters) - French hotel operator Accor posted a 3.3 percent like-for-like rise in second-quarter sales on Thursday, helped by a recovery in southern Europe and "solid" overall trends.
Group sales reached 1.458 billion euros ($1.97 billion) in the period for a reported rise of 1.3 percent year-on-year, Europe's largest hotel group said in a statement.
"Despite the situation in the French market, which continues to be impacted by the effects of a difficult economic and tax environment, and to a lesser extent the situation in the Asia-Pacific region, the group should continue to benefit from positive momentum in the coming months in all other geographies," Accor said. ($1 = 0.7394 Euros) (Reporting by James Regan; Editing by Astrid Wendlandt)