French hotel group AccorHotels has reported a strong third quarter as revenue increased by 2.4% to \u20ac1.5bn (\u00a31.1bn).\r\n\r\n\r\n\r\nThe group\u2019s latest financial report for the third quarter of the year said that, on a like-for-like basis, revenue was up 3.4%. Growth was driven by \u201cfavourable\u201d business activity in most of the group\u2019s key markets, it said.\r\n\r\nRevenue in northern, central and eastern Europe (NCEE) was up 4.8% on a like-for-like basis, while the Mediterranean, Middle East, Africa region (MMEA) saw growth of 10%.\r\n\r\nBusiness within HotelInvest, the owner-and-investor part of the company, increased 2% like-for-like to \u20ac1.3bn (\u00a3959m), while HotelServices, the operator-and-brand franchiser arm of the company, recorded an 8.4% to \u20ac356m (\u00a3264m).\r\n\r\nIn the UK the company reported a strong improvement in business activity, up 6.3%. HotelInvest and HotelServices recorded like-for-like revenue growth of 5.6% and 10.9%, respectively. The group said this resulted from a stable demand at a very high level.\r\n\r\nOccupancy stood at 87.9% for owned, leased and managed hotels over the quarter, average prices were up 5.3% and revenue per available room (RevPAR) increased by 5.1%.\r\n\r\nMeanwhile, activity in London stabilised during the summer, before accelerating again in September, driven in large part by the Rugby World Cup. Regional cities also recorded strong performances, with RevPAR up 8% over the quarter, on the back of higher average prices.\r\n\r\nS\u00e9bastien Bazin, chairman and CEO at AccorHotels, said: \u201cThird-quarter performance was in line with the trends observed since the beginning of the year, with strong business activity in most of the group\u2019s markets, flat demand in France and a rapid deterioration in Brazil reflecting a challenging economic environment.\r\n\r\n\u201cAccorHotels continues to deploy its strategy, with the initial success of the digital plan and fast growth for HotelServices, and the transformation of HotelInvest.\u201d\r\n\r\nAs a result, the group expects full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) between \u20ac655m (\u00a3485m) and \u20ac675m (\u00a3500m).