Accor's H1 RevPAR up 2.2% year-on-year

Accor released its first-half results: global RevPAR rose 2.2% year-on-year, or 4.6% excluding the Middle East; recurring EBITDA was 563 million euros, up 6.5%; operating cash flow was 194 million euros, up 42%. It operates 5,835 hotels with over 880,000 rooms worldwide. Full-year RevPAR growth is expected at 2%-2.5%, with recurring EBITDA in the range of 1.26-1.285 billion euros.