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Profit boost for AccorHotels

Hotels
TTG Staff
18 February 2016

AccorHotels has posted a 9% rise in profit after benefiting from a companywide transformation.

AccorHotels Pullman ThinkstockPhotos-492256506.jpg

The French hotel company, which has 500,000 rooms in its portfolio, reported a net profit of €244 million, up from €223 million.

Revenue rose 2.3% to €5.6 billion.

Earnings before interest and taxes increased to €665 million, beating average analyst estimates, according to Bloomberg.

Sebastien Bazin, chairman and chief executive, said: “AccorHotels delivered an outstanding performance in 2015: growth in revenue, a big improvement in earnings and a more robust financial position.