The unfavourable situation in Southern Europe was therefore not enough to halt the good momentum of the Accor group, which on Tuesday confirmed an operating profit target of between €510 and €530 million. The group's financial managers emphasised the positive role played by the budget brands, price rises and sustained demand in Europe - mainly Germany, the UK and France - in emerging markets, as well as in the United States. In addition, Accor achieved unprecedented growth in 2011: "With 38,700 new rooms, Accor reached its highest-ever level of openings and significantly exceeded its growth target for 2011," concluded the Group.
