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PARIS Jan 17 Accor, Europe's largest
hotel group, on Thursday confirmed its operating profit goal for
2012 after fourth-quarter underlying sales growth increased 2.5
percent to 1.38 billion euros ($1.83 billion).
Quarterly sales at the world's fourth-largest hotel group
showed that conditions in austerity-hit Spain and Italy remained
challenging, while trading in France benefited from the Paris
Accor, which owns more than 4,400 hotels worldwide, said
full-year sales rose 2.7 percent on a comparable basis to 5.57
Quarterly sales of economy hotel rooms rose 2.1 percent,
while upscale and middle-range hotel rooms increased 2.4
Accor confirmed that it still expected to post an increase
in full-year 2012 earnings before interest and tax (EBIT) to
between 510-530 million euros, compared with 515 million euros
"In an economic environment that remains uncertain in
Europe, and with demand still strong in most Asia-Pacific and
Latin American countries, Accor enjoyed a solid revenue
performance in fourth-quarter 2012, in line with prior-quarter
trends," the group said.
Results will be published on February 20.
($1 = 0.7521 euros)
(Reporting by Dominique Vidalon and Leila Abboud; Editing by