Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : Hotels France: another marked sequential improvement in August, the provinces now exceeding pre-crisis levels

>RevPAR -14% in August (vs 2019), another sequential improvement - RevPAR France was down 13.8% in August 2021 (vs August 2019) according to preliminary data published by MKG, of which a 13.4-point decline in occupancy rates but with prices up 5.8%. August marked another significant improvement in RevPAR, after -31% in July vs 2019, -59% in June and -67% in May. This performance was driven by the provinces, which benefited from exposure to leisure clients and now exc...
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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