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Accor Q3 Revenues Up 7.2%

French hotel group Accor (ACRFY.PK,ACRFF.PK) Thursday said third-quarter revenues of 504 million euros, up 7.2% from 470 million euros last year.

On a like-for-like basis, Accor revenues rose 6.4%.

Revenue derived from the hotel assets held by the Group, mainly in Central Europe and Brazil, grew by a substantial 7.2%.

The company noted that changes in the scope of consolidation (acquisitions and disposals) made a positive contribution of 18.7 million euros, thanks in particular to the contributions of new business.

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