Accor, the hotel company behind brands such as Sofitel and Raffles, has come under fire from investors over its sprawling businesses, which include concierge services, home rental and co-working spaces. But the company said on Wednesday that its consolidation strategy was paying off as it reported a revenue increase of 4.8 per cent for the six months to 30 June to €1.9bn. Net profits were €141m. This was compared to €2.4bn in the same period last year, a figure distorted by the disposal of Accor’s real estate business, which it completed in February last year.
Accor, the hotel company behind brands such as Sofitel and Raffles, has come under fire from investors over its sprawling businesses, which include concierge services, home rental and co-working spaces. But the company said on Wednesday that its consolidation strategy was paying off as it reported a revenue increase of 4.8 per cent for the six months to 30 June to €1.9bn. Net profits were €141m. This was compared to €2.4bn in the same period last year, a figure distorted by the disposal of Accor’s real estate business, which it completed in February last year.
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