Accor : RevPAR France down 55% in July, marked sequential improvement vs June
>RevPAR down 55% in July, sharp sequential improvement - RevPAR in France fell by 55.1% in July 2020 (vs July 2019) according to the preliminary data published by OlaKala, due to a 17.4% fall in rates and a -34.9 point decline in occupancy rates. Against the current backdrop of travel restrictions, notably for the international clientele, the decline in RevPAR was expected. We nonetheless note a marked sequential improvement in July (vs June at -82%), underpinned by t...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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