AccorHotels upbeat on 2017 profit target after Q3 sales

Paris

ACCORHOTELS, Europe's biggest hotel group, on Thursday gave a rosier outlook, saying its 2017 operating profit would be at the upper end of a 460 million to 480 million euros range forecast in July.

The French company, which runs high-end chains such as Raffles and Sofitel as well as budget brands such as Ibis, said third-quarter sales reached 504 million euros (S$809 million), up 6.4 per cent on a like-for like basis.