Accor : What to expect from the Q1 2019 publication? (18 April after trading)
>RevPAR growth expected at +2.3%e in Q1, consensus 2.8% - Accor is set to report its Q1 2019 revenues on 18 April after trading. We expect revenues of € 897m (consensus € 902m), i.e. +42% on a reported basis, the strong growth being driven by increases in all divisions, with the integration of Mantra and Mövenpick in Hotel Assets (acquisitions made in mid-2018). We expect RevPAR growth of +2.3%e in Q1 2019 (vs consensus 2.8%), with +3.5%e in Europe (including Fra...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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