The French hotel company, which has 500,000 rooms in its portfolio, reported a net profit of €244 million, up from €223 million.

Revenue rose 2.3% to €5.6 billion.

Earnings before interest and taxes increased to €665 million, beating average analyst estimates, according to Bloomberg.

Sebastien Bazin, chairman and chief executive, said: “AccorHotels delivered an outstanding performance in 2015: growth in revenue, a big improvement in earnings and a more robust financial position.

"The momentum driven by the strategic, operational and cultural transformation and the quality of the performance and motivation of our teams are clearly producing results in all of our businesses."

The company said that growth in Europe had been strong but that the French market had been affected by the Paris terrorist attacks in January November last year.

AccorHotels includes the individual brands Novotel, Sofitel and Pullman.