Accor earnings beat forecasts
Paris – 22 February 2017 –
AccorHotels reports a forecast-beating 3.8 percent rise in operating profit for last year, helped by restructuring efforts and robust demand in most markets.
The company said earnings for its core, domestic market had been impacted as a result of weak demand following a spate of deadly, Islamist militant attacks in France, although the French market had started to recover in the fourth quarter, Reuters reports.
AccorHotels, which has more than 4,000 hotels ranging from the budget Ibis to the luxury Sofitel brand, is undergoing a reorganisation under chief executive Sebastien Bazin, who took … Read More