Accor SA (ACRFF)
| Previous Close | 43.50 |
| Open | 43.50 |
| Bid | 43.26 x 41800 |
| Ask | 45.96 x 40700 |
| Day's Range | 43.50 - 43.50 |
| 52 Week Range | 31.26 - 46.85 |
| Volume | |
| Avg. Volume | 4,148 |
| Market Cap | 10.777B |
| Beta (5Y Monthly) | 1.27 |
| PE Ratio (TTM) | 17.54 |
| EPS (TTM) | 2.48 |
| Earnings Date | Jul 25, 2024 |
| Forward Dividend & Yield | 1.28 (2.95%) |
| Ex-Dividend Date | Jun 05, 2024 |
| 1y Target Est | N/A |
ReutersParis hotel operators cut prices in last-ditch attempt to lure Olympics travelers
NEW YORK (Reuters) -With the Olympics underway in Paris, hotel operators made a final push to lure last-minute travelers, lowering prices and dropping minimum stay requirements after some people balked at what they saw as price-gouging prior to the games. The Paris Tourist office said Monday that average hotel prices during the games have fallen to 258 euros per night - down from 342 euros earlier in the summer, which had represented a 70% increase from the average 202 euro price in July 2023. Travel agents say visitors may clinch discounts of between 10% and 70% as operators offer deals after demand for the Games fell below expectations due to high prices and security concerns.
SkiftAccor Cites Strength in India and Business Travel, Dials Back Olympics Forecast
Accor, the Paris-based hotel giant, predicts robust bookings and strong pricing power in the second half. Its executives aren't losing any sleep over airlines like Ryanair complaining about softening airfares.
ReutersAccor says positive travel trends to drive 4-5% room revenue growth in 2024
(Reuters) -Europe's biggest hotel group Accor said on Thursday it expects its revenue per available room (RevPAR) to grow faster than its medium-term target this year, driven by strong performance across its regions and brands. Global hotel chains stand to profit from positive global travel trends despite the economic uncertainty, an Oxford Economics study cited by the company showed. The operator of brands such as Ibis and Novotel expects its RevPAR, a key industry gauge of performance for the hotel industry, to grow by 4-5% this year.
