Accor Sales Gain, Profit Forecast Maintained on Economy Hotels | businessweek.com

Accor SA, Europe’s biggest hotel company, said sales rose 2.5 percent in 2011 and confirmed its profit forecast, boosted by growth in economy lodgings. Revenue climbed to 6.1 billion euros ($7.8 billion) from 5.95 billion euros in 2010, the Paris-based owner of the Novotel and Ibis brands said in a statement today. The average estimate of 17 analysts in a Bloomberg survey was 6.17 billion euros. Fourth-quarter sales fell 1.1 percent to 1.