Accor : Road show feedback (Dublin, HIR): No visible slowdown in activity in the run-up to the launch of the buyback
>Trading update still solid, confident message on the outlook - Accor has observed no signs of a slowdown in its activity, with Q3 expected to register RevPAR growth of +10/15% y-o-y (ODDO BHF +12%e y-o-y, +27%e vs Q3 2019), which factors in a now more difficult comparison base. Management has observed good traction of RevPAR in France linked to the rugby World Cup, especially in the provinces, whilst the impact has been less significant in Paris for the time being. ...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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