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Accor 2016 results

TERRORIST attacks in France and a difficult economic climate in Brazil saw AccorHotels’ first half earnings in 2016 before interest and tax fall 4% to €239 million. Revenue was down 2.6% in France with a very pronounced drop in Paris (RevPAR -12.0%), a knock on affect of the terrorist attacks in the French capital on 13 Nov, as well as the more recent floods and strikes. Slower business also saw Brazil’s market down by 5.5%. Aside from these drops, AccorHotels’ other markets saw “robust growth” ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 01 Aug 16

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