Skift Take
Accor is having a happy, "Emily in Paris" kind of year. High-spending Americans thronged Europe this summer, helping the hotel giant beat expectations for revenue and profit.
Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.
The group raised its forecast for growth in revenue per available room, a key industry metric. It guided investors to expect that metric to exceed 20% year-over-year this year. It had earlier in the year guided analysts to expect a 15-20% range fo