Accor Posts Unexpected Annual Loss on Charges, Travel Slowdown | businessweek.com

Accor SA, Europe’s largest hotelier, posted an unexpected 2009 loss after it wrote down asset values and business travel declined. Accor reported a full-year net loss of 282 million euros ($382 million) compared with a 575 million-euro profit a year earlier, the Paris-based company said today in an e-mailed statement. That missed the 85 million-euro profit average estimate of 10 analysts compiled by Bloomberg.