Accor Defies Tourism Downturn With Solid Earnings

Press Release
July 17, 2008

Solid 5.2% like-for-like growth in first-half 2008 revenue

• Strong 5.1% growth in the Hotels business, particularly in France and Germany

• Very robust 11.8% growth in Services

• Favorable outlook for both Services and European Economy Hotels (70% of 2007 consolidated EBIT)

Full release: Accor_growth_results_July.pdf

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