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AccorHotels benefits from ‘brisk’ UK sales

Hotels
Rob Gill
21 April 2017

French hotel giant AccorHotels has been boosted by “very brisk” sales in the UK following the fall in the value of the pound.

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The company saw UK revenue rise by 9.2% for the first three months of 2017 compared to the same period last year, with the drop in the pound encouraging British customers to “favour local destinations” and also attracting customers from outside the UK.

AccorHotels’s overall revenue for the quarter went up by 35.4% to €425 million year-on-year as the company benefited from its acquisitions of the Raffles, Fairmont, Swissotel and onefinestay brands. Revenue rose by 7.4% on a like-for-like basis.