AccorHotels' 2017 profits beat expectations

Paris

ACCORHOTELS, Europe's largest hotel company, posted a forecast-beating 10.1 per cent rise in like-for-like operating profits for 2017, helped by cost controls and robust demand in all key regions except Brazil.

The French company said discussions about opening up the capital of its property unit AccorInvest to a group of French and international investors were in their final stages.