Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Accor : De nombreux catalyseurs positifs, au-delà du CMD qui devrait rassurer

>CMD 27/06 : focus sur le fort potentiel de croissance sous la nouvelle organisation - Lors du CMD, nous anticipons un discours positif sur le potentiel d’Accor, dont la croissance du parc de chambres et les RevPAR vont bénéficier de son accélération dans le Luxe / Lifestyle. Le groupe devrait enregistrer une progression supérieure à ses niveaux historiques au cours des prochaines années : nous attendons un TMVA du CA de +7% sur 2023/2027e (consensus +5%, vs +7% sur 2...
Underlying
Accor SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Johanna Jourdain

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