Europe's largest hotel chain increased its revenues

Europe's largest hotel chain the Accor group has issued and published its flash report on the first half year.

The chain introduced its new, three-year strategic business plan this semester. The three-year strategic business plan’s long-term goal is to reduce both debts and costs, on the other hand, to expand in the emerging market regions.

The revenues of the Accor group, rose by 1.8% to 2,694 million euros, compared to the first half of last year.
The net profit of the goup is 34 million euros, which is a significant improvement compared to the first half of 2012, when a loss of 532 million euros was experienced.