Plus   Neg

Accor Q3 Revenues Up

French hotel group Accor SA (ACRFY.PK,ACRFF.PK), Wednesday reported a 2 percent increase in revenues for the third quarter.

Third-quarter revenue grew 2.4 percent to 1.493 billion euros from 1.459 billion euros last year. On a LFL basis, or constant scope of consolidation and exchange rates basis, revenues were up 3.4 percent.

The company now expects full-year 2015 EBIT to be between 655 million and 675 million euros.

CEO Sebastien Bazin said, "Third-quarter performance was in line with the trends observed since the beginning of the year, with strong business activity in most of the Group's markets, flat demand in France and a rapid deterioration in Brazil reflecting a challenging economic environment."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
PG&E agreed to pay around $13.5 billion to settle all individual claims related to California wildfires, due to which the electric utility had to file for bankruptcy. With the Bankruptcy Court's approval of the settlement agreement, PG&E hopes to emerge from Chapter 11 by the June 30, 2020 deadline to participate in the State of California's go-forward wildfire fund. Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is also banning... The U.S. Food and Drug Administration has approved three generic versions of Novartis' Gilenya capsule for treating relapsing forms of multiple sclerosis. "Approving safe and effective generics so patients have more treatment options continues to be a priority for the FDA," said Janet Woodcock, director...
Follow RTT