Accor : A CMD that confirms operational solidity and the potential for optimisation at HotelServices
>Outlook 2022: operational performance confirmed overall - The CMD was an opportunity for AccorHotels to confirm its medium-term strategy based on an asset-light business model, with a solid operational outlook and a balanced exposure in terms of regions and business segments. Management also updated its guidance for EBITDA, now anticipated at € 1.2bn in 2022 (vs € 1bn in 2021 previously), which notably hinges on operational confirmation at HotelServices (unchanged Re...Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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