Hotel giant Accor, which owns the Ibis, Novotel and Sofitel brands, saw a business recovery boost its UK performance at the end of last year. The company, restating it 2010 results after demerging its voucher business in the summer, said London had turned in a solid performance once again, with the return of the business customer lifting hotel performance in the provinces. Accor said its economy hotels had done well, with its luxury brand sin London also recording rate and occupancy increases. It meant UK like-for-like growth of 4.7% for the year, with a gain of 2.8% in the fourth quarter of 2010. For the full year, group revenue increased 7.4% on a like-for-like basis and 9.4% in the fourth quarter. Earnings before interest and tax was revised up to €440m (£375m) with revenue up 8.4% to €5.94bn (£5.05bn).

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