Accor : RevPAR France +6.5% in June, favourable read-across for AccorHotels
>RevPAR France +6.5% in June, driven by prices, +6.2% YTD - RevPAR France rose by 6.5% in June 2018 (vs June) according to the preliminary data reported by Okalala. Occupancy rates improved by +1.7pt and average hotel rates jumped by +4.1%. Occupancy rates have been rising month after month since late 2016; in addition average hotel rates have increased for the 11th month running, providing support for France’s hotels sector which began to bounce back as far back as 2...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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