Accor : What to expect from the H1 2024 earnings report? (on 25/07)
>We expect H1 results to be robust - Accor will publish its H1 2024 results on 25/07 before the start of trading. We expect revenues of € 2,569m (+7% on a reported basis) driven by growth in RevPAR of +6.3% (consensus 6.1%) and in the hotel network of +3.2%. We think that hotel trends should remain broadly positive, particularly in dynamic regions such as Asia-Pacific and the Middle East, even though Europe and the US are likely to show lower growth in Q2 in the low s...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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