Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : Feedback roadshow US : focus sur l’exécution et finalisation de la transformation asset light

>Doublement de l’EBITDA d’ici 2022 pour atteindre 1.2 Md€ - AccorHotels a confirmé viser un doublement de son EBITDA à horizon 2022 (vs 2017) soit une guidance de 1.2 Md€ soutenue par : i/ la division HotelServices (3% de croissance des RevPAR en moyenne par an, net system growth de 5%, économies de coûts) permettant de dégager un TMVA EBITDA de 10/12% ; ii/ la division Hotel Assets (TMVA EBITDA de +5/7% sur 2017/2022), qui n’inclut pas à ce stade le projet de rachat ...
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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