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Accor Reassures on Bookings Amid Macro Gloom

Aug 24, 2011 8:58 AM

From Reuters
Accor Reassures on Bookings Amid Macro Gloom
Accor, the world's fourth-largest hotel group, said it remained "watchful" but reassured investors it had not seen any impact of global recession fears on September bookings, lifting its shares as much as 4 percent. The company also posted a 27.5% rise in first-half earnings before interest and taxes to 199 million euros ($280.3 million) on Wednesday, in line with expectations. Click here for the full story.

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