The hotel giant, whose brands include Raffles, Fairmont, Sofitel, Novotel, Mercure and Ibis, also saw revenue rise by 0.9% year-on-year to €5.6 billion in 2016.
Despite the company-wide gains, Accor’s French market revenue fell by 2.8% with revenue per available room in Paris dropping by 13.2% due to lower demand on the back of terror attacks in the French capital in November 2015.
In a trading statement, Accor described business in Paris as being “very challenging” with demand “affected by recent events”.
Earnings [EBIT] from its France business fell by 13% following the terror incidents in Paris and also Nice.
