Corrects revenue growth figures for the Upscale and Midscale segment in the fourth para:
French hotel group Accor SA (ACRFF.PK,ACRFY.PK) reported that its first-quarter revenues fell by 1.2% to 1.227 billion euros from 1.242 billion euros in the same quarter last year. On a like-for-like basis, first-quarter revenues came down by 0.1%.
Meanwhile, revenues from Hotels decreased by 2.0% to 1.193 billion euros from 1.218 billion euros in the year ago quarter.
The company in a statement added that Changes in the scope of consolidation due to the asset disposal strategy, reduced revenue by 51 million euros and growth by 4.1%.
Further, revenue in the Upscale and Midscale segment rose by 0.7% like-for-like and declined by 1.6% as reported in the first-quarter.
Also, revenue in the Economy segment fell by 1.8% like-for-like and 2.7% as reported in the first quarter. The decline reflected the economic environment in certain regions, like Southern Europe, said Accor.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.