Accor : Hotels France: RevPAR still showing growth in November but ADR slowing
>RevPAR at +4% in November y-o-y (+12% vs 2019) in France - RevPAR in France saw y-o-y growth of 3.7% in November 2023 (+11.8% vs Nov. 2019) according to the preliminary data from MKG, with virtually flat occupancy rates (-0.6 pt) and ADR still showing growth, albeit less robust (+4.7% y-o-y) after +11% in September and +8.8% in October, which benefited from the organisation of Rugby World Cup. By region, y-o-y RevPAR growth is relatively homogenous, with +4.6% in Par...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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