PARIS Oct 17 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)