Accor Wary As Europe’s Crisis Hits Hotels

Accor Wary As Europe's Crisis Hits Hotels

  Accor, Europe’s largest hotel group, warned investors that profit could be below market expectations after demand for rooms in recession-hit southern Europe deteriorated further over the summer. The French company, with more than 4,400 hotels ranging from the luxury Sofitel to the budget Ibis chains, on Wednesday said the trend for autumn bookings was […]

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