Accor looks to growth in services unit

22nd Jun 2006

Accor said Thursday that it expects its services business to grow betweek 8 and 16 percent organically over the 2006-2010 period.
These businesses include food vouchers and marketing.

Its services unit made a pre-tax profit of 226 million euros in 2005. This amounts to 37 percent of the group’s overall 2005 pretax profit.

The French hotel group also plans to invest 500 million euros in the services division over the next five years.

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