Accor : Q3 heavily impacted despite a sequential improvement, lack of visibility in Q4 pending a vaccine newsflow
>Q3 revenue below expectations, RevPAR generally in line - Accor has reported Q3 2020 revenue of € 329m (-69% as reported, -63.7% organic), i.e. 12% below expectations of € 372m, including negative scope (-11%, including disposal of Mövenpick’s leased assets) and forex (-5%) effects. By division, HotelServices revenue came in at € 224m (-69% organic), impacted by a drop of 62.8% in RevPAR, slightly below the consensus of -60.9% (ODDO BHF -63.3%), and by a very sharp d...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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