Europe's largest hotel chain increased its revenue

Europe's largest hotel chain, the French Accor closed last year with a 599 million after-tax loss, compared to the previous year’s 27 million euros profit.

The deficit derives from the accounting losses of the sales of the company‘s Motel 6 hotel chain in the U.S.A. Without this item, the company’s profit was 80 million euros last year.

The Accor includes the Novotel, Mercure, Sofitel, Ibis and Etap chains. Its revenue rose by 1.5 percent to 5.649 billion euros. The Accor shares dividend increased by 17 percent compared to 2011.  (MTI)