By Sudip Kar-Gupta
PARIS (Reuters) - AccorHotels
The business performance of Accor, whose brands include upmarket chains such as Raffles and Sofitel as well as budget brands such as Ibis, has benefited from recent acquisitions and a general pick-up in the broader French tourism sector.
Accor stuck to its target of doubling earnings before interest, tax, depreciation and amortisation (EBITDA) to the 1.2 billion euro (1.06 billion pounds) level by 2022.
It also said it expected cost controls and stable capital expenditure levels to boost cash-flow and future dividends.
Accor's bullish outlook contrasts with U.S rival Marriott
In October, Accor made a slight increase to previous guidance regarding its 2018 profits, with events such as this year's Ryder Cup golf tournament boosting visitor numbers to its French hotels.
Accor also said this week it would buy full control of Polish hotels company Orbis
"Our targets are ambitious yet achievable. AccorHotels is more agile, more profitable, and more global, with a well-balanced brand portfolio," said Accor Chairman and Chief Executive Sebastien Bazin.
Previous acquisitions under Bazin, who took over in 2013, include London's Savoy Hotel, The Plaza in New York, the Raffles Hotel in Singapore and Australian hotel group Mantra.
(Reporting by Sudip Kar-Gupta; Editing by Michel Rose and Edmund Blair)