French travel firms battle security and terror threats – CNBC

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Some of France’s leading travel companies have shrugged off the security and terrorism threats that shook the nation’s confidence over the past year.

Europe’s largest hotelier, AccorHotels reported a 2.3 percent rise in full-year sales, to 5.58 billion euros ($6.2 billion) in 2015, despite seeing signs of weakness in Brazil and its biggest market, France.

The chief executive, Sébastien Bazin admitted the company was “suffering in France”, with the country seeing a 6.6 percent decline in 2015’s fourth quarter, mainly attributed to the booking cancellations following the November terror attacks in Paris.

Despite this, Bazin remained confident for the company’s future.

“We had a difficult year in France yet we prevailed with record numbers in terms of sales, profit and cash flow,” Bazin told CNBC Thursday.

“We’re going in the right direction, and we’re going to be adapting to that hyper volatile environment, wherever it is.”

French travel firms battle security and terror threats – CNBC