Accor : What to expect from Accor’s H1 2023 results
>Very good first half expected, driven by pricing and the reopening of Asia/China - Accor will release its H1 2023 results on 27 July before the start of trading. We anticipate very good H1 figures, driven by still very robust demand, visible in current hotel prices (+20-25% on average vs 2019) as well as by the reopening of China and the recovery of Asia Pacific since the start of the year. We therefore look for revenue of € 2,373m in H1 (+38% y-o-y, +1% above the V...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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