Accor Raises Outlook After Strong Third Quarter
Hotel group Accor raised its full year profit outlook following strong third quarter revenue growth driven by luxury brands and events in France. Revenue per available room rose as operations recovered in the Middle East.
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ACCOR SA raised the lower end of its full-year recurring EBITDA guidance to €1.285 billion on Thursday after reporting third-quarter revenue of €1.503 billion. The hotel operator's performance exceeded expectations, driven by luxury brands and a favorable events calendar in France. The upgraded outlook reflects resilient travel demand across key European markets despite regional headwinds.
