Worldwide Briefing

Shares tumble

Hotel and leisure groups have seen their share prices plummet after the terror attack in Bali last weekend. Shares in French leisure group Club Med fell by 9%, and hotel group Accor recorded a 3.9% fall. But Millennium & Copthorne Hotels said its hotel operations in Singapore were unlikely to be affected, due to its focus on business rather than leisure travellers.

Not so yummy

Yum! Brands, formerly Tricon Global Restaurants, has predicted a disappointing final three months of the year for its KFC restaurants. The group said it expected fourth-quarter sales to be down by 5% on the same period a year earlier. It blamed competition from pizza restaurant chains for the decline.

Tokyo spring

Canadian hotel group Four Seasons has opened the 57-bedroom Four Seasons Hotel Tokyo in the Marunouchi district of the Japanese capital.

Accor adds share

French hotel group Accor is to pay i50m (£32m) to increase its stake in German hotel group Dorint from 26% to 30%. Accor could eventually hold as much as 55% of the group.

M&C bounces back

Hotel group Millennium & Copthorne (M&C) has reported "resilient" trading in its Asian hotels. In the three months to 30 September, M&C said revenue per available room (revpar) was up by 2.7% on the same period in 2001. In the nine months to September, revpar fell by 0.3%.