Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : Feedback from virtual RS (USA/UK): business gradually picking up, even though visibility remains poor for the short term

>Opportunities will emerge from this crisis, such as Travelodge - Current conditions are putting strain on the most fragile operators (e.g. those carrying a lot of debt and independent operators). Such situations could eventually create opportunities for asset-light hotel chain operators which would be able to fold such hotels into their franchise networks rapidly.Accor is currently working on a deal with hotel owners operating under the Travelodge brand (the no....
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
Johanna Jourdain

Matthias Desmarais

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