Accor Raises Lower End of Full-Year Profit Outlook
Accor raised the lower end of its full-year profit outlook after strong third-quarter growth, CFO Martine Gerow said. Middle East demand rebounded, with UAE weakness partly offset by growth in Saudi Arabia and Egypt.
Accor (Euronext: AC) lifted the lower end of its full-year profit outlook following strong third-quarter growth, Chief Financial Officer Martine Gerow said on Thursday. Demand in the Middle East recovered in the third quarter. Weakness in the United Arab Emirates was partly balanced by growth in Saudi Arabia and Egypt…