Report
Johanna Jourdain ...
  • Matthias Desmarais

Accor : Hotels in France: sequential stabilisation of RevPAR in November, but slowdown in reservations at year-end

>RevPAR at -19% in November (vs 2019), relatively stable on a sequential basis - RevPAR France was down 19% in November 2021 (vs November 2019) according to preliminary data published by MKG, with a 10.3 -point decline in occupancy rates and average rates close to pre-crisis levels (-4.0%). November saw near stability in RevPAR on a sequential basis, after -17% in October and -27% in September. By region, Paris improved marginally on a sequential basis (-22% vs 2019 a...
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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