Accor : Robust H1 figures reflecting solid execution
>Solid H1 results beat expectations, with a pleasant surprise in terms of NUG - Accor released a solid set of H1 2024 results yesterday before trading, with EBITDA beating expectations by 2% and RevPAR growing by 4.8% in Q2 after 7.6% in Q1 (i.e. +6% in H1). Net unit growth came to +4.1% in H1 thanks to the addition of Daiwa hotels in Japan (6,000 rooms) to the portfolio and a lower churn rate than in H1 2023.FY 2024 EBITDA guidance implying only minor re...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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