accor sales figures up

FRENCH Hotel group Accor saw hotel sales up 6.6% in 2001 from £2,736 million to £2,818 million thanks to its economy brands.

Accor’s economy sector hotels such as Ibis and Formule 1 have held up well in Europe with sales up 3.9% but its economy portfolio in the US which includes Motel 6 and Red Roof Inns fell 7.1%.

Meanwhile its mid-market portfolio which includes Novotel and Mercure and its upscale brand Sofitel fell 4% in 2001 compared to the previous year.