Accor : Hotels France: RevPAR trend in September underpins our scenario for a recovery in the domestic business segment as of Q3 2021
>RevPAR at -28% in September (vs 2019), better than in July - RevPAR France was down 28.2% in September 2021 (vs September 2019) according to preliminary data published by MKG, of which a 15.9-point decline in occupancy rates and with room rates -10.0%. September marked another sequential slowdown in RevPAR (primarily due to a decline in room rates) after -13.4% in August, but suggests an improvement compared with July at -31% vs 2019, -59% in June and -67% in May. On...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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