Friday, January 18, 2008

Accor Sales Rise 6.8% on European Hotels

ccor SA, Europe's biggest hotel owner, said full-year sales increased 6.8 percent as more travelers stayed at its properties in the region and the company fueled growth at the service-voucher unit with acquisitions.

Revenue in fiscal 2007 climbed to 8.12 billion euros ($12 billion) from 7.61 billion euros a year earlier, the Paris-based company said today. That beat the 8.08 billion-euro median estimate of 11 analysts surveyed by Bloomberg News.

French Properties added

France Real Estate for Sale