Europe's biggest hotel group Accor's shares sank more than 9% on Thursday after giving a disappointing 2022 profit outlook that overshadowed a big jump in half-year revenue.
The company said it expected to report full-year core earnings (EBITDA) of more than 550 million euros ($561 million), compared with 22 million last year, after its second-quarter revenue per available room (RevPAR) exceeded pre-COVID levels for the first time.
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