Accor’s fourth-quarter revenue
rose on higher demand for hotels in the
Mediterranean region and the Americas.
The Paris-based company, which doesn’t report GAAP
earnings, said that fourth-quarter revenue rose 2.1% from a year
earlier to 1.4 billion euros (about $1.63 billion). Revenue through the first three
quarters of last year had been flat.
Fourth-quarter same-store revenue rose
5.1% overall, and about 6% in the Mediterranean/Middle East and Americas regions.
Accor's brands include Sofitel, Pullman, Novotel and Ibis.