Hotel chain Accor has seen revenues increase by 9.1% in the first quarter of 2007 compared to the same period last year.
On a like for like basis, taking into account consolidation and exchange rates, the company saw profits increase to Є1.3 billion – a rise of 7.2%.
Accor said the increase was due to increases in the average room rate and occupancy rates.
Later this week Accor will also unveil details of its 24 Mercure branded hotels in the UK as it strengthens the presence in this country.
The Accor group as a whole – which incorporates its services division of incentive and loyalty schemes – saw an increase in revenues of 15.4%, or 14.1% on a like for like basis during the first quarter.
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