ACRFF - Accor SA
| Previous Close | 33.92 |
| Open | 33.92 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 33.92 - 33.92 |
| 52 Week Range | 19.90 - 36.09 |
| Volume | |
| Avg. Volume | 188 |
| Market Cap | 9.011B |
| Beta (5Y Monthly) | 1.30 |
| PE Ratio (TTM) | 25.70 |
| EPS (TTM) | 1.32 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.76 (2.25%) |
| Ex-Dividend Date | May 23, 2023 |
| 1y Target Est | N/A |
SkiftChinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo
Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.
SkiftAccor Expects a Full Occupancy Rebound Early Next Year
When Accor sneezes, the global hotel industry catches a cold. The Paris-based hotel giant sounds healthy.
ReutersHotel group Accor raises room revenue growth target on Asia rebound
(Reuters) -Europe's biggest hotel group Accor said on Thursday it expects double digit growth in a key revenue measure in 2023, citing a good start to the year and the end of China's zero-COVID policy. The hotel industry has benefited from higher prices and a rebound in travel demand in the wake of the pandemic, with consumers rushing to travel even as rising interest rates stoke fears of a recession and inflation continues to erode household purchasing power. "Consumers' desire to travel has never been stronger," deputy CEO Jean-Jacques Morin said on call with journalists.
SkiftFairmont Revamps the Luxury Hotel Brand’s Strategy for New Era
Fairmont is a luxury brand that has been underperforming its potential in its development pipeline. Can a new CEO and management team with a new strategy improve things?
SkiftAccor to Go Global With Subscription Cards to Boost Hotel Loyalty
The travel sector has been grappling with the subscription model for a few years. But Accor is the first major hotel group to roll out global paid subscription cards, giving guests access to discounts and perks at hotels worldwide.
The TelegraphFrench owner of Orient Express claims pulling out of Russia is ‘not an option’
The chief executive of Accor, the French owner of the Orient Express and Novotel hotels, has claimed pulling out of Russia is “not an option” unless he is forced to by more stringent sanctions.
SkiftAccor’s Robust 2022 Invigorates Bet on Local Hybrid Hospitality
Accor executives believe their competitive advantage is becoming more apparent as U.S.-based hotel groups go abroad to expand. They claim to have a more global organizational footprint and a better sense of what hotels need to profit in many non-U.S. markets.
ReutersHotel group Accor beats on core earnings, bullish on Chinese tourists
(Reuters) -Europe's biggest hotel group Accor on Thursday forecast higher revenue per available room (RevPAR) for 2023 as Chinese travelers are expected to return, after its annual core profit beat expectations on strong December activity. Hotel chains were hit hard by China's strict pandemic restrictions and are now hoping for a recovery in the Asia-Pacific region, Accor's second biggest market pre-pandemic. The group, which runs chains such as Sofitel, Pullman and Ibis, said it expected 2023 RevPAR to increase by between 5% and 9% from the previous year.
SkiftAccor CEO Defends Hotel Giant’s Latest Reorg
Many hotels needed refurbishment after the pandemic chaos, and Accor needed a refurb of its own. CEO Sébastien Bazin argues that his latest reorganization gives Accor the capability to become the world leader in luxury while preparing for a hybrid hospitality future.
SkiftAccor Redefines Soft Brand Potential With New Handwritten Collection
Accor isn't the first large hotel company to let members of its loyalty program book independently designed lifestyle hotels. But it is the first to move the concept downscale in rate and amenities. Can it democratize access to quirky hotels worldwide?
CNW GroupAccor reveals its thought-leading Health to Wealth white paper
Accor, a world-leading hospitality group, today announced the release of its highly anticipated white paper, exploring eight key pathways for navigating business, society and leadership toward a future where human well-being and fulfillment are essential priorities. Titled, "The Road Map Towards a Transformational Well-Being Culture", the research report is part of Accor's ongoing and insightful Health to Wealth series, designed to explore the world's state of well-being and the defining issues
CNW GroupAccor's list of top 2023 hotel openings
As buzz and anticipation builds around 2023 travel planning, Accor is pleased to reveal a short list of highly anticipated properties to open next year. From city breaks to beach getaways, from eco-minded or budget-friendly hotels to ultra-luxurious hideaways, these are the gorgeous and adventurous new destinations that guests and world travelers will be eager to see…and be seen among. No TikTok or Instagram filters required!
SkiftAccor Aims to Combat Inflation With Pricing Power
The summer in Europe and the U.S. has been especially good for tourism, and in turn for Accor. The Paris-based operator of about 5,357 hotels globally regained its pre-pandemic performance on key financial measures. This enhanced pricing power could help insulate the lodging company from rising inflation, by offsetting those costs with revenue gains on […]
ReutersHotel group Accor continues post-COVID recovery after a 'gorgeous' summer
Europe's biggest hotel group Accor reported higher than expected third-quarter revenue per available room (RevPAR) on Wednesday, continuing a sharp improvement in activity since the start of the year after a "gorgeous" summer season. The easing of COVID-19 curbs earlier this year led to a boom in travel demand after more than two years of restrictions, allowing the hospitality sector to increase its profit forecasts and report higher revenue per available room. U.S. tourists travelling to Europe took advantage of the dollar's strength against the euro and other currencies, Chief Financial Officer Jean-Jacques Morin said on a call with journalists.
SkiftFull Video: Ennismore Founder Sharan Pasricha at Skift Global Forum 2022
Reflecting on post-pandemic trends that will last, Ennismore founder and co-CEO Sharan Pasricha anticipates that real estate owners will continue to want to split their income streams across coworking, food-and-beverage, and lifestyle hotels for years to come. “Hotel owners like the diversification of revenue,” said Pasricha on-stage at Skift Global Forum in New York City on September […]
SkiftEnnismore Top Boss Sees Impact of Great Merging on Lifestyle Hotels and Co-Working
With Accor‘s backing, Ennismore has been building out lifestyle hotels and co-working spaces that have benefited from travelers increasingly blending their business and leisure trips, called the Great Merging. “Hotel owners like the diversification of revenue,” said Ennismore founder and co-CEO Sharan Pasricha on Tuesday at Skift Global Forum in New York City. “At our […]
SkiftSkift Global Forum Preview: Ennismore CEO on the Appeal of Lifestyle Hotels
Who needs another lifestyle brand? Consumers and developers, that’s who — if you follow recent activity across the hotel industry. Ennismore’s history began in 2011, but the lifestyle hotel leader it has quickly become is the result of a joint venture with Accor first announced in 2020. That partnership, finalized in 2021, brought together brands […]
SkiftAccor’s Hotel Stays Surpass 2019 Levels Even Without Chinese Outbound Travel
Accor, the Paris-based operator of about 5,300 hotels globally, said on Thursday as hotel stays surpassed pre-pandemic levels for the first time in the second quarter across all regions and brands. The internationally exposed company has seen a recovery despite the absence of Chinese and Japanese outbound travelers. “We’ve been missing those Chinese travelers ever […]
ReutersAccor's soft outlook offsets revenue jump, shares sink 9%
(Reuters) -Europe's biggest hotel group Accor's shares sank more than 9% on Thursday after giving a disappointing 2022 profit outlook that overshadowed a big jump in half-year revenue. The company said it expected to report full-year core earnings (EBITDA) of more than 550 million euros ($561 million), compared with 22 million last year, after its second-quarter revenue per available room (RevPAR) exceeded pre-COVID levels for the first time. "We had expected more than 600 million euros given the strong recent data, so the guidance is either conservative on RevPAR (implied negative in H2) or factors in further cost or marketing pressure," analysts at Morgan Stanley said.
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- Reuters
PRESS DIGEST- Financial Times - June 22
The UK government is collaborating with Boston-based Moderna Inc to build the country's first manufacturing centre for messenger RNA vaccines in a deal worth 1 billion pounds ($1.23 billion), as it seeks a lead in responding to the current and future pandemics. - The UK is seeking a significant increase in trade with the six Gulf Cooperation Council states as it launches talks to secure a deal that skirts the contentious issue of human rights. - British finance minister Rishi Sunak is preparing to meet North Sea oil and gas producers that have protested against his planned windfall tax on their profits, as the government also signals it is cooling on proposals to extend the levy to electricity generators.
SkiftAccor in Talks to Sell $195 Million Stake in Ennismore to Qatari Consortium
Accor said on Tuesday it has begun exclusive talks to sell an 11 percent stake in its Ennismore joint venture to a consortium of Qatari investors. The transaction currently estimates the stake value at $195 million (€185 million) The transaction would include $21 million of financing by Qatar First Bank. The deal requires regulatory approval […]
- Reuters
Accor to sell 10.8% stake in Ennismore to Qatari consortium for 185 million euros
PARIS (Reuters) -French hotels group Accor is to sell a 10.8% stake in Ennismore to a Qatari consortium for 185 million euros ($195 million), the French hotels group said Tuesday. Accor said the deal valued Ennismore, known for Hoxton hotels in London and New York and Mama Shelter rooftop bars in Paris, at more than 2 billion euros, showing growing interest in high-end lifestyle brands even as the cost of living soars. Accor also said it was merging its stakes in hotel brand Rixos and upscale restaurant operator Paris Society into Ennismore, which the group jointly founded with Sharan Pasricha in October 2021.