Record Cash Sends Europe Travel Stocks to Biggest Valuation Gain

Record Cash Sends Europe Travel Stocks to Biggest Valuation Gain

Antoine Antoniol/Bloomberg

The Accor SA logo is seen outside the company's headquarters in Paris. Accor, Europe’s largest hotel operator, said on Oct. 2 it will cut debt by 780 million euros after selling the Motel 6 chain for $1.9 billion.