• Accor shows Europe’s strength

Accor’s half-year sales figures should a solid 8.8% growth, confirming Marriott’s numbers that showed while North American revpar was slowing, Europe’s is continuing to gather pace.

Most noticeable for Accor were the 7.7% hike at economy hotels in Europe and a 6.2% drop at economy hotels in the US.

The US figures looked particularly stark due to the weak dollar. On a like-for-like basis, economy hotels in the US were up 1.9%.

The strong figures helped fuel takeover speculation around Accor but there was nothing of substance that came to light. The 10.3% stake held by Colony Capital means that it is in the driving seat if any move is to be made.

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