Accor : Lockdown to take a heavy toll right from Q1 ahead of a low expected in Q2
>RevPAR France at -67% in March 2020, with -74% in Paris - RevPAR in France slumped by 66.8% in March 2020 (vs March 2019) according to the preliminary data from OlaKala, impacted mainly by the slump in occupancy rates (-40.9%) and prices (-9.7%). This is a very poor performance, as expected, mainly due to the implementation of lockdown measures from mid-March in France. We note that the decline in RevPAR even reached -95/99% in the first few weeks of the lockdown, wh...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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