Report
Fehmi Ben Naamane ...
  • Johanna Jourdain

Accor : Numerous positive catalysts, in addition to the CMD which should reassure

>CMD on 27 June: focus on robust growth potential under the new organisation - At the CMD we expect a positive message on Accor's growth potential, with the increase in the network of rooms and RevPAR set to benefit from the group’s acceleration in the luxury/lifestyle segment. The group should generate growth above its historical levels over the coming years: we forecast a 2023-2027e revenue CAGR of +7% (consensus at +5% vs +7% for 2016-2019 excluding M&A), with aver...
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
Fehmi Ben Naamane

Johanna Jourdain

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