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5 Stories on Accor SA
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Boom for budget beds

First it was the airlines, now it's the turn of hotels to take the budget concept into the mainstream. Demand is surging for cheaper hotel rooms, not just from thrifty tourists but also from business travelers in search of value. And budget brands are responding to the demand with ambitious expansion plans.

CNNMoney: European stocks hit 2-week highs

European shares ended strongly for the second straight session on Wednesday, with a key benchmark hitting its highest closing level in two weeks, but volume was stifled by a U.S. holiday.

CNNMoney: Red Roof Inns may be for sale

French hotel group Accor SA on Wednesday announced further shake-up, including a strategic review of the Red Roof Inn chain in the U.S. and a significant expansion in emerging markets, as it unveiled a forecast- beating 54% rise in first-half profit.

CNNMoney: Taking the pain out of waking up

In an effort to take out the pain of waking up, hotels are introducing simpler alarm clocks designed to be more user-friendly, according to a published report Monday.

Accor buys stake in Club Med

Accor, Europe's biggest hotel group, ventured into uncharted waters on Friday by buying a near 30 percent stake in holiday village operator Club Mediterranee for 252 million euros ($303.6 million).

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