• Accor announces revenue growth

French hotel group Accor posted a 6.1% rise in first-half sales as a recovery led by its midscale and upscale hotels gathered pace in the second quarter.

Total first-half sales were Eur2.849bn, up 4.7% like-for-like. Hotel revenue rose 7.5% to Eur2.723bn, a 5.1% like-for-like gain. In the second-quarter alone, hotel revenue rose 8.2% like-for-like, reflecting a continued improvement in occupancy rates that began in the first quarter.

See the full results here: http://www.accor.com/fileadmin/user_upload/Contenus_Accor/Finance/Pressreleases/2010/EN/first_half_2010_revenue.pdf

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