Skip to content
Subscriber Only

Accor Profit Beats Estimates After French Hotelier Cut Costs

Accor SA, Europe’s largest hotel operator, said first-half profit rose 15 percent as the French company cut costs and benefited from strong demand in the Mediterranean region, Africa and the Americas.

Earnings before interest and taxes climbed to 219 million euros ($289 million) from a restated 191 million euros a year earlier, the Paris-based owner of the Sofitel and Ibis brands said in a statement today. That beat the average estimate of